**Critical Days Ahead for Bitcoin and Altcoins! What's in Store?**

In the cryptocurrency industry, all eyes are currently focused on the United States of America (#USA ). The data emanating from the US front and the statements of US Federal Reserve (FED) chairman Jerome Powell will have direct implications for all financial markets.

**Key Events:**

1. **Tuesday, May 14:**

- Producer inflation data (PPI) will be announced in the USA at 15:30 GMT. Current expectations for PPI data stand at 2.2%.

- Following the PPI data release, #FED President Jerome Powell will address the public at 17:00 GMT. Powell's remarks could have a profound impact on Bitcoin and altcoins.

2. **Wednesday, May 15:**

- Consumer inflation data (CPI) will be released in the USA at 15:30 GMT. Current expectations for CPI data are at 3.4%.

**Potential Market Scenarios:**

- **Optimistic Scenario:** If both PPI and CPI data come in below expectations and FED Chairman Powell delivers dovish statements, this could trigger sharp rises in the crypto market.

- **Pessimistic Scenario:** Conversely, if the data exceeds expectations and Powell's statements lean towards a hawkish stance, Bitcoin (BTC) may face downward pressure, potentially falling below $60,000.

**Insights from Ted, a Successful Crypto Trader:**

Ted, a seasoned crypto trader, shared his thoughts on the impact of US data on BTC:

“The big week is approaching, with inflation data set to be announced imminently. We anticipate volatility in both financial markets and the crypto sector, but there's a possibility that inflation data will show signs of slowing down, which could bode well for risk assets like Bitcoin.”

Stay tuned as these critical events unfold, and brace yourself for potential market movements!

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