With the recent U.S. CPI data showing unexpected increases, Bitcoin (BTC) may experience upward pressure in the coming week. Higher inflation typically drives investors towards alternative assets like BTC, seeking a hedge against fiat currency devaluation. Analyzing technical indicators, the MACD shows a bullish crossover, suggesting positive momentum, while the RSI has entered the overbought territory, indicating potential price corrections. If BTC sustains above key support levels, it could rally further. However, traders should remain cautious of volatility, particularly if macroeconomic indicators shift unexpectedly. Overall, BTC's price movements will likely reflect broader market sentiment influenced by inflation concerns. 0 reply
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