Bitcoin is supported on the lower part of the bullish channel that, in the short term, comes from 57K.
Today, the CPI numbers were released in the US and inflation came in at 3.4% year-over-year, which matches what was expected and is lower than last month’s inflation.
This increases the chances that interest rates will stay at the same level for the next FED meeting, which is bullish for the market in general.
However $BTC is down 2% on the day.
Today, the CPI numbers were released in the US and inflation came in at 3.4% year-over-year, which matches what was expected and is lower than last month’s inflation.
This increases the chances that interest rates will stay at the same level for the next FED meeting, which is bullish for the market in general.
However $BTC is down 2% on the day.