Bitcoin is facing a crucial moment in its price trajectory, with the largest cryptocurrency hovering around the $66,000 support level. After a tumultuous week that saw Bitcoin shed nearly 5% of its value, traders and analysts are on high alert, searching for signs of a potential trend shift.

As the Bitcoin market enters a new week, several key factors are at play, influencing the price action. From the upcoming United States employment figures to the ongoing miner capitulation, here are the top 5 things to know in Bitcoin this week.

Firstly, the $66,000 level has become a critical support zone for Bitcoin, with a failure to hold this level potentially leading to further downside. Meanwhile, the 10-week simple moving average remains intact, offering a glimmer of hope for bulls.

On the macroeconomic front, the upcoming jobless claims data may surprise, given the mixed signals from the US inflation picture. While fewer macro triggers are expected this week, the Federal Reserve's interest rate cut expectations remain a key bullish impetus for Bitcoin and altcoins.

In terms of network fundamentals, the mining difficulty is set to drop by around 1.3% this week, as miners continue to adjust to the post-halving reality. The hash ribbons metric suggests that a capitulation phase is underway, which could precede a breakout in the BTC price.

Lastly, onchain data reveals that wallets with 10 BTC or more have reached an all-time high, indicating a strong and healthy Bitcoin ecosystem. Additionally, coins bought before the launch of US spot Bitcoin ETFs in January have remained dormant, with their owners transitioning from short-term holders to long-term holders.

As Bitcoin navigates this critical juncture, market participants are advised to exercise caution and keep a close eye on these key factors, which could shape the future price trajectory of the largest cryptocurrency.