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8/13/2024 3:00:01 PM

Bitcoin's Critical Levels Amid Macroeconomic Data Releases

Bitcoin's Critical Levels Amid Macroeconomic Data Releases

According to CryptoMichNL, this week is significant for macroeconomic data, including PPI and CPI. Bitcoin is currently exhibiting choppy behavior. From a technical analysis perspective on lower timeframes, it is crucial for Bitcoin to maintain levels above $56-57.5K. A rally from these levels could push Bitcoin towards the other side of the range, potentially reaching a new all-time high.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast