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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

$63,074.28

-0.08%

$63,074.28

-0.08%

(24s)

24h Volume

$2,492,922,189.67

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

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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Cointelegraph Staff · Cointelegraph

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