Bitcoin’s Future: Economic Data Holds Key to Price Movement

Market expert Linh Tran from XS.com suggests that Bitcoin’s near-term trajectory is directly tied to upcoming U.S. economic data, specifically preliminary GDP and core PCE inflation figures. If these reports reveal continued signs of a slowing US economy with easing inflation, the Federal Reserve may be more likely to initiate a rate cut cycle, creating a liquidity environment potentially favorable for Bitcoin’s recovery.