🚨₿ BITCOIN FACES A NEW MACROECONOMIC TEST!
Tomorrow could be an important day for the crypto market. 🇺🇸📊
The United States will publish its September Consumer Confidence Index.
Forecasts call for 90.0, up from 89.4 in August.
But the real danger may not be in the headline figure…
👀 Investors will be watching consumers’ outlook for the coming months most of all.
Why?
Because a significantly weaker reading could increase fears about an economic slowdown and weigh on yields as well as on the dollar.
Conversely, a stronger figure could ease pressure for a rate cut and create more pressure on risk assets.
And Bitcoin is heading into this event around $83,000.
⚠️ 82,000–81,300 $ : area to watch
⚠️ Below this zone: $78,000–$75,000
🚨 Above: $87,500, major resistance.
Tomorrow, a number.
In a few minutes.
And potentially another battle between buyers and sellers. ₿⚔️
#Bitcoin #BTC #CryptoNews #Crypto
Tomorrow could be an important day for the crypto market. 🇺🇸📊
The United States will publish its September Consumer Confidence Index.
Forecasts call for 90.0, up from 89.4 in August.
But the real danger may not be in the headline figure…
👀 Investors will be watching consumers’ outlook for the coming months most of all.
Why?
Because a significantly weaker reading could increase fears about an economic slowdown and weigh on yields as well as on the dollar.
Conversely, a stronger figure could ease pressure for a rate cut and create more pressure on risk assets.
And Bitcoin is heading into this event around $83,000.
⚠️ 82,000–81,300 $ : area to watch
⚠️ Below this zone: $78,000–$75,000
🚨 Above: $87,500, major resistance.
Tomorrow, a number.
In a few minutes.
And potentially another battle between buyers and sellers. ₿⚔️
#Bitcoin #BTC #CryptoNews #Crypto
