• Bitcoin ↓ 2.6% in October

• HBO document identified Peter Todd as a Bitcoin creator

• Last year Fed minutes triggered movements by ↑ 2.2% & ↓ 1%

• Last year US CPI triggered movements by ↑ 1.8% & ↓ 2.9%

• Technical levels: $63,500 and $61,000

Bitcoin is caught in a range on the daily charts.

The world’s largest cryptocurrency could be waiting for a new fundamental spark that triggers significant price swings.

Despite the growing anticipation, Bitcoin reacted cautiously afterwards In the HBO documentary, Canadian Bitcoin developer Peter Todd was referred to as Satoshi Nakamoto. However, Todd immediately denied these claims on social media.

This was initially a big deal as the mystery surrounding Satoshi Nakamoto is estimated to lurk around him 1.1 million Bitcoins worth $66 billion. If Satoshi’s identity were truly exposed, it could have various implications for Bitcoin, which has skyrocketed and gained mainstream acceptance over the years.

If we turn back to the key data, Here are 3 things to keep an eye on this week:

1) Fed Speeches + FOMC Meeting Minutes

Last Friday’s strong jobs report boosted confidence in the US economy and Hopes of a 50 basis point Fed rate cut in November were dashed.

It will be interesting to see what Fed officials think about the recent developments and what potential impact they could have on future rate cuts. Ahead of the FOMC minutes, investors will be looking for new insights into the outlook for labor markets or future policy actions.

Given the sensitivity of cryptocurrencies to interest rates, the upcoming event could trigger price fluctuations.

Gold Piece: Last year, FOMC minutes triggered upside moves of up to 2.2% or declines of 1% within 6 hours of release.

2) September US CPI report

As highlighted in our report for next week, upcoming inflation data could impact bets on how much the Fed will cut interest rates in the fourth quarter.

Signs of easing price pressures could increase expectations for lower interest rates, thereby supporting Bitcoin. The same applies vice versa.

Gold Piece: Last year, the US CPI report triggered upside moves of up to 1.8% or declines of 2.9% within 6 hours of release.

• A hotter than expected CPI report could drag Bitcoin prices lower As the dollar strengthens and rate cut bets grow cooler.

• A report of weak inflation could bolster the argument for lower US interest rates. Increase in Bitcoin prices

3) Technical forces

Bitcoin remains trapped within a range on the daily charts Support around $61,000 and resistance $63,500, where the 200-day SMA lies.

• A solid breakout and daily close above that $63,500 could encourage movement in this direction $65,000 $66,000.

• A break below the 100-day SMA at $61,000 Was able to test the prices $60,000. Continued weakness down here could encourage bears to do so Attack for $57,600.