Bitcoin (CRYPTO: BTC) has dropped below $64,000 and is approaching a decisive stretch as investors weigh a crowded earnings calendar, Federal Reserve policy and inflation data.
BTC Faces $70,000 Test
During a Macro Monday discussion, Bloomberg strategist Mike McGlone warned that any weakness in equities could send Bitcoin below $50,000.
Prolonged consolidation, whale accumulation and improving technical structure could still spark a breakout above $70,000.
The week includes heavy weight company earnings, alongside the Federal Reserve’s policy decision and fresh inflation and economic growth data.
