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.
Top 15 Cryptocurrencies to Watch in 2023
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Find the Best Price to Buy/Sell Cryptocurrency
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– Source: Cryptonews.