Bitcoin remains in a tight trading range as February progresses, with analysts anticipating volatility due to upcoming US macroeconomic data releases, including the Consumer Price Index. Federal Reserve Chair Jerome Powell is set to testify twice this week, impacting sentiment around interest rates and liquidity. Although whales are distributing Bitcoin at unprecedented rates, retail investors are accumulating at a heightened pace. Market reactions to new US tariffs on trading partners have triggered uncertainty, with gold performing well against Bitcoin, which struggles to capitalize on safe-haven trends. The bearish sentiment is juxtaposed with bullish predictions from crypto analysts, forecasting Bitcoin could reach as high as $700,000 amid expected macroeconomic shifts favoring liquidity. Overall, the market appears poised for significant movements based on these intertwined factors.

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