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via Cointelegraph · By Cointelegraph Staff

Four-Year Highs In US PPI Data Cost Bitcoin the $80,000 Mark

BTC

BTC/USDT

$79,680.00

-0.23%

$79,680.00

-0.23%

(24s)

24h Volume

$8,046,030,688.25

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,711.92

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,711.92

Support 1$79,635.96

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.3

Cointelegraph Staff

(03:46 PM UTC)

1 min read

Approved byDavid Kim

0 comments

Bitcoin (BTC) fell below $80,000 into Wednesday’s Wall Street open as US inflation data continued to alarm.

Key points:

Bitcoin price action sees fresh downside pressure thanks to US PPI inflation reaching its highest since 2022.
Odds of further financial tightening by the Federal Reserve increased in a headwind for crypto.
BTC price analysis sees the CME futures gap staying as resistance "until…

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Source

Cointelegraph Staff · Cointelegraph

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