Inflation news is affecting Bitcoin, with the BTC price pacing just below $110,000, trading at $109,480 after briefly punching through that resistance earlier in the week. Crypto traders are now looking to June 11’s Consumer Price Index release, a potential spark or a wet blanket, depending on how the numbers land. Meanwhile, the Producer Price … Read more
Introduction Bitcoin has been in a consolidation phase following recent market volatility, hovering around crucial support levels. While regulatory developments and macroeconomic factors continue to influence price action, traders have identified a key technical pattern—a bullish RSI divergence. This could indicate a potential trend reversal, presenting a possible opportunity for traders and investors alike. Additionally, … Read more
Introduction to the Impact of U.S. CPI Data on Bitcoin Prices Bitcoin (BTC) has long been viewed as a hedge against inflation and economic uncertainty. As a result, the release of U.S. Consumer Price Index (CPI) data often plays a crucial role in shaping Bitcoin’s price movements. A ‘soft’ CPI report, indicating cooling inflation, typically … Read more