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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

$64,529.66

+0.92%

$64,529.66

+0.92%

(24s)

24h Volume

$4,301,210,541.04

24h H/L

$64,599.95 / $63,925.30

Change: $674.65 (1.06%)

Long/Short

65.3%

Long: 65.3%Short: 34.7%

Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,393.99

▲ 0.03%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,393.99

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,824.97

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):50.7

Cointelegraph Staff

(03:54 PM UTC)

1 min read

Reviewed bySarah Chen

788 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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