Is it time for BTC to push for $19,000? CPI may decide all.
on the back of fresh economic data from the United States, this nonetheless fading to leave the key level “unflipped” as resistance.Reacting, market participants continued to look to next week’s Consumer Price Index print as a key potential catalyst for risk assets.
“Unemployment will rally in the coming months. Yields will fall of a cliff if CPI is low,” Michaël van de Poppe, founder and CEO of trading firm Eight,“Finally looks like BTC is ready to break out of the $16K - $17K base range it’s been stuck in the past several weeks.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTC price forms new support at $16.8K as Bitcoin lures 'mega whales'A new 'point of control' under $17,000 could prevent Bitcoin price from seeing new lows.
Read more »
Bitcoin yo-yos on US macro data amid call for BTC price to retest $17KBTC price may hit $17,000 on the back of U.S. macroeconomic data, says Bitcoin analysis.
Read more »
Hackers Hit Romanian Hospital, Demand Bitcoin Ransom – Bitcoin NewsA hospital in Romania has been targeted in a ransomware attack with the perpetrators seeking payment in cryptocurrency to decrypt its files.
Read more »
US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year – Bitcoin NewsThe number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry.
Read more »
Bitcoin, Ethereum Technical Analysis: ETH Lower, as Markets Await Nonfarm Payrolls Report – Market Updates Bitcoin NewsEthereum was marginally lower on December 6, as markets prepared for this afternoon’s nonfarm payrolls report.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Consolidates as FOMC Indicates Further Rate Hikes to Come – Market Updates Bitcoin NewsBitcoin consolidated marginally below $17,000, as market volatility remained high following the latest FOMC minutes.
Read more »