Bitcoin (BTC) continues to hold strong above $122,000, as investors await major US market signals that may influence its price this week. Experts highlight four key indicators – Consumer Price Index (CPI), Producer Price Index (PPI), Initial Jobless Claims, and Retail Sales – which could significantly impact Bitcoin’s trajectory. The CPI, set to be released on Tuesday, August 12, is predicted to reach a reading of around 2.8%. This increase may lead to market stability but could also trigger a stronger US dollar and potentially push Bitcoin prices down, as outlined in our previous analysis. Conversely, a rate below 2.7% could fuel another crypto rally and suggest an upcoming rate cut in September. According to Goldman Sachs and other economists, the CPI’s impact on interest rates will be significant, so it is essential to monitor these developments closely. The **PPI is expected to show an increase on August 14, building on its previous June reading of 2.3%**. An escalation in this indicator could potentially lead to a tighter monetary policy for an extended period, as discussed previously. Meanwhile, the US Census Bureau will release the **Retail Sales report on August 15**, which is expected to show a modest 0.5% growth, indicating resilience within the American economy. This data is significant because it influences broad market sentiment and suggests a gradual cooling in consumer spending, potentially benefitting Bitcoin. Finally, **Initial Jobless Claims for the week ending August 2, 2023 will be released on Friday.** A stable or even an increase in these claims could suggest a cooling labor market, which aligns with expectations of a Fed rate cut and potentially boosts Bitcoin prices. In our previous analyses, analysts have predicted that Bitcoin’s price could surge to $150k in the medium term and reach $250k in the long run, as highlighted by Cardano co-founder Charles Hoskinson.