Key Fed Data This Friday Adds More Uncertainty After $1.8B Crypto Crash – Bitcoin $107K or $130K?

Group 1 - Key Federal Reserve data, including speeches from Chair Jerome Powell and PCE inflation figures, are influencing the crypto market dynamics [1] - Bitcoin's price trajectory is uncertain, with analysts divided on whether it will retrace to $107K or break out above $130K, amid macroeconomic uncertainties [2] - The St. Louis Fed President expressed concerns about further rate cuts, indicating inflation remains above the Fed's 2% target, which could impact risk assets [3] Group 2 - Market reactions included a stronger dollar and rising Treasury yields, leading to reduced expectations for a November rate cut, while Bitcoin's price fell to $111,800 [4] - Over 407,000 traders faced liquidations as Bitcoin dropped below $112,000, marking significant market activity and skepticism regarding portfolio expansion [5] - Analysts suggest Bitcoin is at a critical inflection point, with sustained closes below $112,000 risking a drop to $107,000, which is a key support level [6] Group 3 - Recent liquidations, while painful in the short term, may serve as a healthy market rebalancing, with some investors viewing the pullback as an opportunity for accumulation [7]