"""

Bitcoin gets a volatile start to the week

Bitcoin rose above $86,000 in the opening hours of the week and briefly touched $87,000. That level put the asset close to an eight-month high. But the pullback that followed showed the market is still searching for direction.

Traders are trying to determine whether the move signals a lasting breakout or just a pause before the latest gains are consolidated. At this point, the dollar's strength stands out as one of the key factors likely to shape the short-term performance of crypto assets.

What does the technical picture suggest?

On the chart, one notable development is that the 50-day, 100-day and 200-day moving averages are nearing a full bullish alignment for the first time since 2025 began. That convergence suggests Bitcoin's three-month recovery is still technically built on solid ground. Even so, the failure to hold above $87,000 has increased expectations that the market will need support from outside factors for fresh momentum.

U.S. calendar could steer crypto trading

For the rest of the week, attention is turning to a busy U.S. data calendar. Market participants will watch how macroeconomic releases affect expectations for the Fed and the dollar, looking for signs on whether Bitcoin can extend its rally.

  • ISM Services PMI
  • FOMC meeting minutes
  • Weekly jobless claims

These releases are seen as developments that could influence risk appetite not only in traditional markets but also in digital assets. In particular, any strength or weakness in the dollar could be decisive in determining whether Bitcoin can hold current levels.

Ethereum upgrade on Sepolia comes into focus

Ethereum developers are preparing for the planned "Glamsterdam" testnet upgrade on Sepolia. This protocol-level step could keep Ether and network development in focus throughout the week.

Meanwhile, the market's agenda is not limited to Bitcoin and Ethereum. Major token events involving Balancer, Aave and AirSwap are also on investors' radar. As a result, the crypto market has entered a busy week in which both macroeconomic data and on-chain developments will be priced in together.

"""