Bitcoin Faces Critical Resistance and CPI Impact
8/13/2024 6:00:00 PM
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)
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