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via BeInCrypto · By BeInCrypto Editorial

US CPI Data is Critical for Bitcoin and Gold This Week

BTC

BTC/USDT

$79,720.56

+0.40%

$79,720.56

+0.40%

(24s)

24h Volume

$10,097,727,639.82

24h H/L

$79,877.07 / $78,660.00

Change: $1,217.07 (1.55%)

Long/Short

53.0%

Long: 53.0%Short: 47.0%

Funding Rate

-0.0009%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,682.25

▲ 0.03%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,810.13

Price$79,682.25

Support 1$79,635.96

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

BeInCrypto Editorial

(06:01 AM UTC)

1 min read

Approved byJames Mitchell

0 comments

On Wednesday, June 10, the US inflation reading is either a floor or a trapdoor for Bitcoin and gold investors.

The US Consumer Price Index (CPI), the monthly measure of inflation across the economy, is a key indicator for several markets to watch on Wednesday.

Another Fed Signal

There is now a 70% chance of a Federal Reserve rate hike by December, up significantly over the past week, after the May…

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Source

BeInCrypto Editorial · BeInCrypto

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