Bitcoin (BTC) is bracing for a major US macro data week as crypto market participants warn of serious volatility next.

Bitcoin retests $92,000 after a promising weekly close, but traders still see a deeper BTC price correction to come.

Bitcoin (BTC) is bracing for a major US macro data week as crypto market participants warn of serious volatility to come.

Bitcoin retests $92,000 after promising weekly close, but traders still see deeper BTC price correction to come.

A bumper week of US macro data comes with the Federal Reserve under pressure on multiple fronts.

The Fed has its hands tied, analysis argues, predicting interest rates coming down, liquidity booming and BTC/USD reaching $180,000 within eighteen months.

Bitcoin short-term holders are back in the black, making current price levels especially pertinent for speculative investors.

Sentiment is in neutral territory, but crowd-based FOMO may keep price from rising much higher, research concludes.

Bitcoin traders wait for support retest

Bitcoin traders are awaiting a retest of support at hand as the week gets underway, having tested $92,000 as support after the weekly close.

That close itself was bullish, data from Cointelegraph Markets Pro and TradingView confirms, coming in at just above the key yearly open level of $93,500.

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Forecasting an “interesting week” to come, popular trader CrypNuevo viewed the potential for higher highs for BTC/USD.

“Pretty simple - I don't see momentum rolling over just yet and it's possible to see a third leg up up $97k where there is some liquidity,” he wrote in a series of X posts.

CrypNuevo referred to the 50-period exponential moving average (EMA) on 4-hour timeframes, currently at $91,850.

On the topic of likely support retests, fellow trader Roman had a deeper retracement in mind.

“Waiting to see what happens at 88k,” he told X followers.

Roman reiterated that the stochastic relative strength index (RSI) metric remained heavily overbought, a sign that a cooling-off period for price may follow.

Trader and commentator Skew meanwhile focused on the area between $90,000 and $92,000, describing “indecision” in the market resulting in current price action.

Pointing out that the Stochastic RSI was “overbought in an extreme manner on the 4H chart,” Roman added that the RSI on the daily chart was also overbought.

“We're seeing a lack of decisive direction in price action, bouncing between the 90k-92k zone as if struggling to choose a clear path. This ambiguity is creating a sense of indecision in the market, leading to a sideways trading pattern.”

suggesting that a move lower was on the cards.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.

"The Stochastic RSI is heavily overbought on the 4H chart, and the RSI on the daily chart is also overbought.

suggesting that a move lower might be forthcoming.