CPI

Bitcoin Forms Bullish RSI Divergence Just in Time for U.S. CPI

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Bitcoin Forms Bullish RSI Divergence Just in Time for U.S. CPI

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

Bitcoin May See Gains from Soft U.S. CPI, Major Risk-On Surge in BTC Appears Unlikely

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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