21Shares analysts: Positive PCE data, Nvidia earnings, and regulatory clarity may provide upward momentum for Bitcoin
ChainCatcher news, according to Theblock, Bitcoin has experienced a turbulent week, dropping 21% from its historical high of $110,000. 21Shares cryptocurrency research strategist Matt Mena believes that some positive catalysts may emerge in the future. He pointed out that Nvidia's strong earnings report released on Wednesday and potential signs of further inflation cooling in Friday's core PCE data are key events that could drive Bitcoin prices higher.Matt Mena stated, "Positive regulatory tailwinds, combined with Nvidia's strong earnings (which indicate sustained demand driven by artificial intelligence and boost overall risk sentiment), along with positive growth in this Friday's Personal Consumption Expenditures (PCE) inflation data, could create a perfect macro environment for Bitcoin, allowing it not only to recover previous highs but also potentially break through $150,000 as institutional and retail confidence surges."Matt Mena also emphasized that regulatory clarity could change the game for Bitcoin, especially in attracting institutional capital. He added, "If the U.S. provides clear guidance on stablecoins and broader digital asset regulation, we could see a significant influx of institutional funds into the space."