Bitcoin reaches new multimonth highs, showing bullish momentum as traders prepare for potential volatility. The price action is supported by a key cross on the weekly MACD indicator, although doubts remain about immediate price discovery following a close that narrowly missed expectations. Investors are closely watching macroeconomic indicators, including the US CPI and PPI, alongside ongoing US-China trade deal discussions, which are influencing BTC's price movements. Despite hitting highs of $105,706, Bitcoin's weekly close at around $104,100 suggests it has yet to break through critical resistance for a breakout. Notably, the Bitcoin supply in loss is below 2%, a rare occurrence indicating the strength of hodlers amid a cooler market sentiment. Market indicators show a cautious optimism with decreased retail interest in Bitcoin, despite its rising prices, potentially signaling more sustainable growth as lower greed levels are observed. Overall, uncertainty persists around inflation data and US trade policies, creating a volatile environment for cryptocurrency markets.

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