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via CryptoSlate · By CryptoSlate Editorial

Bitcoin jumps above $62,000 after CPI report gives traders room to defend $60,000

BTC

BTC/USDT

$65,887.40

+2.49%

$65,887.40

+2.49%

(24s)

24h Volume

$14,534,557,235.88

24h H/L

$65,995.00 / $63,678.83

Change: $2,316.17 (3.64%)

Long/Short

59.1%

Long: 59.1%Short: 40.9%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,872.47

▲ 0.19%

Volume (24h): -

Resistance Levels

Resistance 3$71,025.16

Resistance 2$68,137.57

Resistance 1$65,896.82

Price$65,872.47

Support 1$64,786.80

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$65,740.49

Trend:Downtrend

RSI (14):42.1

CryptoSlate Editorial

(02:14 PM UTC)

1 min read

Updated byEmily Watson

1404 views

0 comments

Bitcoin rose above $62,000 after the latest US inflation report gave traders enough relief to step back from a deeper test of the $60,000 level.

The move followed several days of pressure across crypto markets, where investors had been preparing for the possibility that a hotter inflation print would revive rate-hike concerns and push risk assets lower.

However, the report gave Bitcoin room to…

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CryptoSlate Editorial · CryptoSlate

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