All Eyes on CPI: Can Bitcoin's Rally Above $64K Hold?
Bitcoin's bounce past $64,000 comes just hours before the July CPI report, a data point traders see as pivotal. A cooler-than-expected 3.4% reading could fuel gains toward $67,500 per some analysts, while a hotter surprise risks a slide below $58,000. ETF inflows and steady Treasury yields are adding support in the meantime.
#bitcoin #InflationData #BTC #USJulyCPI&PPIDueThisWeek
#Write2Earn
$BTC
$APR
$BR
Bitcoin's bounce past $64,000 comes just hours before the July CPI report, a data point traders see as pivotal. A cooler-than-expected 3.4% reading could fuel gains toward $67,500 per some analysts, while a hotter surprise risks a slide below $58,000. ETF inflows and steady Treasury yields are adding support in the meantime.
#bitcoin #InflationData #BTC #USJulyCPI&PPIDueThisWeek
#Write2Earn
$BTC
$APR
$BR