Key events this week:Monday:- December Retail Sales dataWednesday:- January Jobs ReportThursday:- Initial Jobless Claims data- January Existing Home Sales dataFriday:- January CPI Inflation dataThroughout the week:- 5 Fed speaker events
I expect Bitcoin to consolidate in this range for a while, roughly between $60,000 and $73,000. This phase could last a few weeks before we potentially see a second leg down below $55,000.