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Where Will Bitcoin (BTC) Price Go This Week

Bitcoin starts this week with a big question mark hanging over it. Last week, it touched above $81,000. Then it slipped back near $79,000. Right now, it’s floating around $79,830.

However, trading has gone quiet. Way too quiet. Volume dropped more than 40% today. That tells you fewer people are jumping in at these levels.

Even so, the bigger picture leans bullish. The BTC price climbed toward $82,000 as September rate-cut bets flipped to a coin toss, about 50/50 odds. Also, Bitcoin ETFs pulled in $731 million. That’s the biggest daily inflow since January.

And get this, Bitcoin and gold are moving together more than they have in six years. That connection keeps getting tighter, which ties BTC closer to big-money moves driven by the broader economy.

News That Could Move Bitcoin This Week

This week, it all comes down to inflation. If the numbers run hot, the Bitcoin price could lose its footing. If they run cool, it might break upward.

Let’s walk through what’s coming. First up is producer prices, PPI. Core PPI is expected to tick up to 0.3% from 0.2% last month. Overall PPI is forecast at 0.4%, a jump from zero the month before.