Bitcoin Faces Defining Macro Week as Fed Rate-Cut Bets Hang in Balance

[kevin1]

Bitcoin is trading near $66,000 as it enters one of the most consequential macro weeks of the first quarter. After printing several lower highs and recording its weakest start to a year on record, BTC now faces a packed schedule of US economic data that could reshape Federal Reserve rate-cut expectations — and determine crypto’s next directional move.

Traders are closely watching Manufacturing PMI data to open the week. A strong reading above 52.5 would reinforce the “resilient economy” narrative, potentially pushing Treasury yields and the US dollar higher while pressuring non-yielding assets like Bitcoin. On the flip side, a drop toward the 50 contraction threshold could revive dovish bets and spark a relief rally toward the $70,000 psychological level.

[cryptobro]

bitcoin at 66k waiting for pmi like it’s a season finale