Bitcoin's Critical Levels Amid Macroeconomic Data Releases
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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.
SourceMichaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast