@violetevelina
Following the recent U.S. CPI data, which exceeded expectations and indicated higher inflation, Bitcoin’s price has experienced a notable surge, surpassing recent resistance levels. The MACD indicator has formed a golden cross, typically signaling bullish momentum. However, the RSI is approaching the overbought zone, suggesting potential for short-term consolidation or a price pullback. Traders may look for signs of price stability or a dip before making new entries.
0 reply
0 recast
0 reaction