The BTC/USD pair braces for impact of upcoming US Consumer Price Index (CPI) release
- Bitcoin shows resilience despite challenges such as Moody’s rating cut and banking crisis.
- Bitcoin’s volatility decreases after apparent resolution of banking crisis.
- Galaxy Digital reports impressive earnings thanks to Bitcoin’s surge and diverse business ventures.
- Bitcoin under pressure due to strength of US Dollar.
- US CPI report and strong dollar keep BTC/USD under pressure.
Bitcoin Price Prediction
- Bitcoin currently hovers around $29,697 with a slight inclination towards bullish trading.
- Resistance at $30,200 prevents Bitcoin from breaking through.
- Technical patterns suggest a stronger bearish sentiment.
- Key indicators approach overbought area, potentially weakening bullish momentum.
- Critical zones at $29,800 and $30,200 should be monitored for shifts indicating a bearish trajectory.
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!
Top 15 Cryptocurrencies to Watch in 2023
- Stay informed about latest ICO projects and alternative cryptocurrencies.
- Explore carefully selected collection of top 15 digital assets to watch in 2023.
- Stay ahead of the game and discover the potential of these cryptocurrencies.
Find the Best Price to Buy/Sell Cryptocurrency
- Stay updated on cryptocurrency prices with a price tracker.
- Source: Cryptonews.
