Bitcoin: Rebound Resumes as Inflation Hits 3-Year High
Bitcoin at $62821.47 resumes rebound after CPI hit 4.2% in May, fastest pace since 2023. Ethereum follows amid neutral RSI and MACD golden cross on 4h chart.
SourceAnalysis
Bitcoin and Ethereum resume rebound as the Consumer Price Index rose 4.2% in May from a year earlier, its fastest annual pace since 2023.
Price action shows BTC trading inside Bollinger Bands with upper resistance at $64260.8 while the 50-EMA at $64114.61 caps upside in the prevailing bearish structure against the 200-EMA at $71356.68.
RSI at 51.36 stays neutral and MACD registers a bullish golden cross at -421.9, suggesting a test of upper band resistance before any deeper pullback to lower support near $60768.51. This setup feeds directly into updated BTC price prediction models and crypto market crash hedging strategies for institutions tracking inflation-driven flows.
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