📰 Bitcoin: a week of recovery, but the market remains cautious
Bitcoin is trading around $83,800 after rebounding from about $80,500 at the start of the week. It briefly rose above $84,000 before pulling back slightly. Ethereum is hovering around $2,540.
📊 To watch today: U.S. inflation figures (CPI and PPI), which could move the market. Support to watch is around $83,200, with resistance around $85,000.
⚠️ Bitcoin ETFs also recorded net outflows this week, so the market remains nervous.
My view: the market is consolidating. Don’t rush, and never trade with money you need.
Do you think BTC will break $85,000 this week? 🐂 or 🐻 in the comments 👇
$BTC $ETH #Bitcoin #Crypto #Binance #Bénin
Bitcoin is trading around $83,800 after rebounding from about $80,500 at the start of the week. It briefly rose above $84,000 before pulling back slightly. Ethereum is hovering around $2,540.
📊 To watch today: U.S. inflation figures (CPI and PPI), which could move the market. Support to watch is around $83,200, with resistance around $85,000.
⚠️ Bitcoin ETFs also recorded net outflows this week, so the market remains nervous.
My view: the market is consolidating. Don’t rush, and never trade with money you need.
Do you think BTC will break $85,000 this week? 🐂 or 🐻 in the comments 👇
$BTC $ETH #Bitcoin #Crypto #Binance #Bénin