The Bitcoin price may experience increased volatility due to upcoming macroeconomic events. The cryptocurrency is currently experiencing a "volatility squeeze" after a period of sideways movement, which is often followed by bullish momentum.
The Federal Open Market Committee (FOMC) meeting on July 26, 2023, and the U.S. PCE inflation Index data on July 28, 2023, could potentially have a market-moving effect on the global cryptocurrency market.
Additionally, Robert F. Kennedy Jr. is scheduled to speak about Bitcoin in an interview on July 26, 2023, while the S&P 500 Index's bullish streak may lead to a correction phase for Bitcoin.
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