On October 7, Bitcoin is trading around $63,500, with its price down about 1% over the week.
▪️Market sentiment shows that investors are currently inclined to see the positive in everything, according to surveyed experts, who predict Bitcoin's price movement next week.
▪️Strong employment data is perceived as a sign of no recession, while weak data is seen as a signal for the Fed to lower rates.
▪️Bitcoin is increasingly behaving like a traditional risk asset, following the stock market rather than gold, with which it is often compared.
▪️Key events for the market next week include the publication of the FOMC meeting minutes on October 9 and consumer inflation data on October 10. Analysts believe that the period of volatility for the crypto market will continue.
