7 Important Developments to Follow This Week in Bitcoin!

Bitcoin, which went up to over $ 21,000 last week, is looking for permanence above $ 20,000.

Struggling with the weekly ma20 ($20758) and daily ma100 ($20786) resistances, the long-standing sideways trend in Bitcoin is expected to end with a major breakout, while investors are a little nervous about the economic calendar.

bitcoinMaintaining its correlation with the US stock markets increases the importance of data from the US.

In this context, some important data to follow this week are as follows:

Tuesday

The balance sheet of MicroStrategy, which has 130,000 Bitcoins, will be announced on Tuesday at 23:00. It is estimated that the company continues to hold BTCs in its hands.

Wednesday

The most important agenda of this week will be the Fed’s interest rate decision, which will be announced on Tuesday. While the markets expect a 75 basis point rate hike from the FED, Powell’s verbal guidance and signals of interest rate hikes in the next meetings will be followed. The interest rate decision will take place at 21.00 CEST, and Powell’s speech will take place at 21.30.

At 23:15 CET, the balance sheet of the commission-free brokerage firm Roobinhood will be announced. The earnings here will be watched closely, as cryptocurrencies are among the company’s most important sources of income.

Thursday

USA’s largest bitcoin exchange Coinbase and Bitcoin investor Block will announce their balance sheets at 23:00 CET. brokerage of transactions related to cryptocurrencies during the same hours PaypalIt will disclose its balance sheet in .

Friday

US non-farm payroll data will be released at 15:30 CET. The expectation is 200 thousand.

The fact that the non-farm employment data is above the expectations is considered as a signal of the economic recovery in that country and has a positive effect on the currency.