🚨 BTC $73,600 - Hot CPI Shook the Market!
Bitcoin is trading around $73,600 today. Why? The US October CPI came in at 0.4%, higher than the 0.3% forecast. This increased fears of a Fed rate hike in December. ab28
What happened in the last 24 hours:
- $723M in liquidations, of which $570M were longs alone
- BTC dropped to $72,700, an 11-week low
- The Fear & Greed Index is at 29 - deep in Fear territory
- $201M flowed out of spot BTC ETFs, marking the third consecutive day 4223ab28b78c
Key Levels:
Support: $73,000 - $72,700
Resistance: $75,000 - $75,600
If $73,000 breaks, the next target is said to be $69,000 - $70,000.
But remember, the RSI is at 33-34, meaning it’s nearing oversold territory. At times like these, patience works better than panic selling.
What do you think? Will BTC bounce from here or head to $70K? Tell us in the comments 👇
Not financial advice. DYOR.
#BinanceSquare #CryptoNewss #CPI #fearandgreed #CryptoMarket
$BTC
$ETH
$BNB
Bitcoin is trading around $73,600 today. Why? The US October CPI came in at 0.4%, higher than the 0.3% forecast. This increased fears of a Fed rate hike in December. ab28
What happened in the last 24 hours:
- $723M in liquidations, of which $570M were longs alone
- BTC dropped to $72,700, an 11-week low
- The Fear & Greed Index is at 29 - deep in Fear territory
- $201M flowed out of spot BTC ETFs, marking the third consecutive day 4223ab28b78c
Key Levels:
Support: $73,000 - $72,700
Resistance: $75,000 - $75,600
If $73,000 breaks, the next target is said to be $69,000 - $70,000.
But remember, the RSI is at 33-34, meaning it’s nearing oversold territory. At times like these, patience works better than panic selling.
What do you think? Will BTC bounce from here or head to $70K? Tell us in the comments 👇
Not financial advice. DYOR.
#BinanceSquare #CryptoNewss #CPI #fearandgreed #CryptoMarket
$BTC
$ETH
$BNB
