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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

$83,939.01

-0.35%

$83,939.01

-0.35%

(24s)

24h Volume

$16,931,744,737.44

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.5%

Long: 58.5%Short: 41.5%

Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$83,993.61

▼ -0.13%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$83,993.61

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

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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