Watch Out This Week in Bitcoin! These Two Critical Events Could Affect the Price!

While Bitcoin (BTC) and altcoins struggle with declines, critical economic data will be released from the US this week.

Listing the important events that could affect BTC and the market this week, Singapore-based cryptocurrency company QCP Capital stated that the Donald Trump and Kamala Harris encounter and the US CPI-PPI data could have an impact on the market.

Analysts who warned of volatility this week said the market remained cautious, with risk reversals for BTC and ETH shifting toward sell-offs by October, reflecting concerns about potential declines.

However, QCP Capital noted that despite short-term bearish expectations, long-term sentiment among investors remains bullish, with the options market pointing to a bullish outlook on BTC from early 2025 onwards.

Analysts added that large buyers purchased BTC call options for March 2025 at expiration prices of $85,000, $100,000, and $120,000.

” It appears that the market is expecting volatility heading into this week’s events, particularly the Trump-Harris debate (September 10) and the CPI (September 11).

Risk Reversals through October are still biased toward sell-offs in both BTC and ETH. However, some major institutions are using this dip as an opportunity to add to their bullish bets for December and March.”

*This is not investment advice.

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