Bitcoin: Reclaims $64,000 After CPI Decline
Bitcoin reclaims $64,000 and ETH $1,880 after US CPI posts first monthly decline since 2020, with $134 million shorts liquidated and $38.8 billion added to market caps.
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Bitcoin reclaims $64,000 and ETH reclaims $1,880 after US CPI posts its first monthly decline since 2020. Bitcoin rises 2.24% in 1.5 hours, adding $28 billion to market cap while ETH climbs 4.88% for $10.8 billion. $134 million in shorts liquidate in one hour.
Price sits at $63794.64 inside Bollinger Bands with upper resistance at $64921.31. The 50-EMA at $63124.79 and 200-EMA at $63721.87 form layered support while RSI at 56.86 stays neutral and MACD prints a death cross at -174.79. Traders watch for a quick test of the lower band near $61932.57 before any extension higher on the BTC price reaction to US CPI releases.
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