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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

$63,064.25

-0.06%

$63,064.25

-0.06%

(24s)

24h Volume

$2,974,694,812.42

24h H/L

$63,390.00 / $62,968.45

Change: $421.55 (0.67%)

Long/Short

68.8%

Long: 68.8%Short: 31.2%

Funding Rate

+0.0033%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,100.90

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,100.90

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

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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