Bitcoin Faces Critical Resistance and CPI Impact
8/13/2024 6:00:00 PM
![Bitcoin Faces Critical Resistance and CPI Impact](https://image.blockchain.news/features/DC3788979712BF4DFF603597AAC46E7C52F8B5EF76BC21453D757F37CDB271FE.jpg)
According to CryptoMichNL, Bitcoin's next move hinges on its ability to stay above $56,000. If Bitcoin surpasses the $60,000-$61,000 resistance level, it could approach its all-time high, presenting a buying opportunity for traders. Conversely, if the Consumer Price Index (CPI) data is unfavorable, a drop below $56,000 could target $48,000. (Source)
Bitcoin BTC CPI all-time high resistance