Community Articles

via Cointelegraph · By Cointelegraph Staff

Can Bitcoin Bulls Shake Off a New US CPI Inflation Spike?

BTC

BTC/USDT

$62,977.99

-0.29%

$62,977.99

-0.29%

(24s)

24h Volume

$3,282,905,691.70

24h H/L

$63,390.00 / $62,754.00

Change: $636.00 (1.01%)

Long/Short

68.8%

Long: 68.8%Short: 31.2%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,041.99

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,041.99

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.9

Cointelegraph Staff

(02:33 PM UTC)

1 min read

Approved bySarah Chen

0 comments

Bitcoin (BTC) saw classic volatility ahead of Tuesday’s Wall Street open as a key US inflation gauge hit its highest levels in three years.

Key points:

US CPI inflation reaches its highest year-on-year levels since 2023.
Energy prices fuel the rise, with the US-Iran war continuing to make its presence felt.
Bitcoin traders retain support levels while a 200-day trend line comes in as resistance.

Bitcoin…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments