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via Cointelegraph · By Cointelegraph Staff

Bitcoin Jumps Despite 3-Year High US Inflation: Will BTC Price Keep Rising in June?

BTC

BTC/USDT

$79,650.68

-1.82%

$79,650.68

-1.82%

(24s)

24h Volume

$17,688,087,062.06

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0011%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

Cointelegraph Staff

(03:54 PM UTC)

1 min read

Reviewed bySarah Chen

0 comments

Bitcoin (BTC) erased its intraday losses and rose by around 2.5% to $62,410 immediately after the US inflation report, even as the headline Consumer Price Index (CPI) hit its highest level in more than three years.

BTC/USD hourly chart. Source: TradingView

Key takeaways:

Bitcoin rose as the latest US CPI reading matched economists' expectations.
BTC still faces short-term downside risks as it trades…

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Source

Cointelegraph Staff · Cointelegraph

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