Bitcoin double top ‘invalidated’ amid fear CPI may fuel macro comedown
Feelings over BTC price action diverge across short and long timeframes as the upcoming CPI and PPI prints unsettle the mood.
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Feelings over BTC price action diverge across short and long timeframes as the upcoming CPI and PPI prints unsettle the mood.
Bitcoin seals its highest weekly close in ten months as CPI prepares to inject fresh volatility into BTC price and beyond.
BTC price faces pullback risks thanks to bearish on-chain movements and challenging technical resistance levels.
Bitcoin sees a major new lift-off thanks to CPI numbers conforming to expectations — reducing the chances of the Fed tightening financial conditions.
Bitcoin lines up a fresh charge at multi-month resistance, but BTC price action is already facing calls for a comedown triggered by CPI.
It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8.
Bitcoin price recaptured the $22,000 level, but pending regulatory action against stablecoins and today's CPI report are front of mind for many investors.
Five-day highs for BTC price come within a narrow trading range as U.S. inflation broadly conforms to expectations.
Bitcoin price hit a year-to-date high near $19,000 as pro traders used leverage to propel the pump, but derivatives data hints at reasons for BTC price to retest $17,300.
BTC price action returns to consolidate on the U.S. CPI release, with Bitcoin firmly undecided on short-term direction.