Bitcoin’s Consolidation Signals a Volatile Breakout, Van de Poppe Suggests

Bitcoin has been trading in a tight range between $100,000 and $120,000 for the past six months, hinting at an impending volatile breakout. However, before expecting such a move, investors should wait for crucial macroeconomic data points like the Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) meeting results, as these will provide critical insights into monetary policy changes.