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via BeInCrypto · By BeInCrypto Editorial

US CPI Data is Critical for Bitcoin and Gold This Week

BTC

BTC/USDT

$84,021.47

-0.70%

$84,021.47

-0.70%

(24s)

24h Volume

$14,471,290,354.78

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.7%

Funding Rate

-0.0000%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,020.01

▼ -0.10%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,020.01

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.0

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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