5 key factors to watch for Bitcoin this week

Cointelegraph has identified five key points to watch in the Bitcoin market this week. These include a potential retest of the $112,000 support level and the recent $1.7 billion in liquidations over the past 24 hours, which marks the largest total this year. Traders are also monitoring macroeconomic indicators, such as the possibility of additional U.S. interest rate cuts and the release of Personal Consumption Expenditures (PCE) data. Other factors include the potential for major news related to U.S. policy and signals from the MVRV indicator suggesting a possible bull market peak.