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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,616.01

-0.61%

$79,616.01

-0.61%

(24s)

24h Volume

$7,456,323,861.60

24h H/L

$80,152.00 / $79,233.00

Change: $919.00 (1.16%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,734.62

▼ -0.12%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,779.60

Price$79,734.62

Support 1$79,635.96

Support 2$77,303.91

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.4

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…

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Source

Cointelegraph Staff · Cointelegraph

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