🚨 LATEST UPDATE 🚨
Bitcoin has been trading within a tight range between $62,000 and $66,000 for several weeks. This sideways movement comes as steady demand from spot ETFs is being neutralized by selling pressure from miners and corporate holders like MicroStrategy. 📉
Market volatility and trading volumes have dropped to multiyear lows, signaling a period of consolidation. Traders are now looking toward Wednesday's U.S. CPI inflation report as a potential catalyst to break this stalemate. 📊 Additionally, regulatory updates regarding the Clarity Act could influence future momentum. While September has historically been a challenging month for the asset, upcoming macroeconomic data remains the key focal point for the market. 🔍
Do you think the upcoming inflation data will trigger a breakout?
#Bitcoin #Inflation #CryptoNews $BTC
$PUMP $SPCXB
Bitcoin has been trading within a tight range between $62,000 and $66,000 for several weeks. This sideways movement comes as steady demand from spot ETFs is being neutralized by selling pressure from miners and corporate holders like MicroStrategy. 📉
Market volatility and trading volumes have dropped to multiyear lows, signaling a period of consolidation. Traders are now looking toward Wednesday's U.S. CPI inflation report as a potential catalyst to break this stalemate. 📊 Additionally, regulatory updates regarding the Clarity Act could influence future momentum. While September has historically been a challenging month for the asset, upcoming macroeconomic data remains the key focal point for the market. 🔍
Do you think the upcoming inflation data will trigger a breakout?
#Bitcoin #Inflation #CryptoNews $BTC
$PUMP $SPCXB