Bitcoin (BTC) surged past $104,000 last week, nearing its all-time high, while Ethereum (ETH) broke out from $1,800 to $2,500 in a powerful short squeeze. The total crypto market cap soared above $3.2 trillion as easing trade tensions fueled bullish momentum.
This week, three major crypto catalysts could dictate whether the rally continues or faces a pullback.
1. U.S.-China Trade Talks: Will a Deal Boost Crypto?
President Trump praised “great progress” in U.S.-China trade negotiations, but Beijing remains cautious.
A trade deal or de-escalation could:
Reduce global recession fears
Lower inflation pressures, increasing Fed rate cut odds
Boost risk assets like Bitcoin & altcoins
No deal? Continued uncertainty may trigger short-term volatility.
2. U.S. CPI Inflation Report (Wednesday)
Forecast: Headline CPI ↑2.5% (from 2.4%), Core CPI steady at 2.8%.
Why it matters for crypto:
Lower CPI = Higher Fed rate cut chances = Bullish for BTC & alts
Higher CPI = Delayed Fed cuts = Potential crypto dip
Goldman Sachs predicts U.S. inflation could hit 3.8% by year-end, which may pressure crypto if the Fed stays hawkish.
3. Consensus 2024 Conference (Toronto)
Major crypto event featuring Cardano’s Charles Hoskinson, Chainlink’s Sergey Nazarov, and Anthony Scaramucci.
Historically bullish for crypto: Past events have sparked big announcements & token rallies.
Pi Network (PI) surged 32% on rumors of a major update—will other altcoins follow?
Bitcoin & Altcoin Price Outlook: Bullish or Correction Ahead?
Bullish Case:
Trade deal progress + Soft CPI + Consensus hype could send BTC to new ATHs and altcoins soaring.
Bearish Risks:
No trade resolution + Hot CPI data may trigger a short-term pullback.
Key Levels to Watch:
Bitcoin (BTC): Support at $100,000, Resistance at $110,000
Ethereum (ETH): Support at $2,300, Resistance at $2,600
Final Verdict: Will the Crypto Rally Continue?
This week’s trade talks, CPI data, and Consensus event will be critical for crypto markets. If macro conditions improve, Bitcoin and altcoins could see another leg up. However, hawkish Fed signals or trade tensions may lead to profit-taking.
