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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$59,602.42

-0.46%

$59,602.42

-0.46%

(24s)

24h Volume

$32,034,794,488.96

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.5%

Long: 71.5%Short: 28.5%

Funding Rate

-0.0008%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,650.82

▼ -2.34%

Volume (24h): -

Resistance Levels

Resistance 3$64,236.26

Resistance 2$62,909.86

Resistance 1$61,023.09

Price$59,650.82

Support 1$59,102.70

Support 2$57,269.01

Support 3$51,387.09

Pivot (PP):$59,909.41

Trend:Downtrend

RSI (14):30.3

Cointelegraph Staff

(02:33 PM UTC)

1 min read

Approved bySarah Chen

596 views

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…

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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