The price of Bitcoin remained stable just above the crucial support mark of $90,000 as investors anticipated several significant upcoming events: the US inflation data release, a Supreme Court decision regarding Donald Trump’s tariffs, and developments related to the CLARITY Act.
Bitcoin’s value hovered within a narrow band throughout Sunday. The United States is set to publish its latest inflation figures on Tuesday. Additionally, this week will see Senate discussions on the CLARITY Bill.
On Sunday, Bitcoin (BTC) was trading around $90,590—slightly below its highest point this year at $94,470—but still well above November’s low near $80,000.
This week presents three key factors likely to influence Bitcoin’s trajectory. Firstly, the Bureau of Labor Statistics will release updated consumer price index (CPI) numbers on Tuesday. According to economists surveyed by Reuters, both headline and core CPI are expected to have increased by 2.7% in December.
If inflation turns out higher than forecasted, it could negatively impact Bitcoin by increasing expectations that the Federal Reserve will keep interest rates elevated for an extended period.
Conversely, if inflation data comes in softer than anticipated, it might boost hopes for multiple rate cuts from the Fed later this year. Moreover, recent employment data showed that December’s unemployment rate dropped to 4.4%, with 55 thousand new jobs added—factors that also affect market sentiment toward cryptocurrencies.
Another important event is the Senate markup session for the Market Structures Bill—commonly referred to as CLARITY—which aims to provide regulatory clarity within the crypto sector by delineating responsibilities between agencies like SEC and CFTC. Positive progress here could bolster Bitcoin’s performance.
The Supreme Court’s forthcoming verdict on Donald Trump’s tariff policies constitutes another major catalyst; should these tariffs be ruled unlawful, alternative measures may be pursued but uncertainty remains regarding market implications.
Technical Overview of Bitcoin Price
An analysis of daily charts reveals a strongly bullish formation suggesting potential upward momentum soon. Specifically noted is an ascending triangle pattern characterized by flat resistance coupled with rising trendlines—a classic indicator signaling possible breakout gains ahead.
Additionally,BTC has climbed above its 50-day Exponential Moving Average (EMA), reinforcing positive momentum signals. Should prices break through resistance near $94,&468 decisively,this would confirm bullish trends and open pathways toward psychological targets such as $100,&000 — which aligns closely with critical support/resistance zones identified via Murrey Math Lines methodology.