Crypto
US CPI Report Today: Will Bitcoin Price Fall Below $72K or Recover?
The post US CPI Report Today: Will Bitcoin Price Fall Below $72K or Recover? appeared first on Coinpedia Fintech News
The U.S. Consumer Price Index (CPI) report lands today as Bitcoin struggles to stay above $74,000. BTC is down from around $81,195 at the start of November. Even U.S. spot Bitcoin ETFs have recorded $2.20 billion in net outflows since the beginning of the month. With traders already cautious, the big question now is whether …
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The post Benjamin Cowen Says BTC Falls to the Bull Market Support Band appeared first on Coinpedia Fintech News
Crypto analyst Benjamin Cowen highlights in his technical savvy youtube video that Bitcoin (BTC) has reached its 20-week moving average, bringing price action directly into the bull market support band after testing levels near $73.5K. Cowen’s Key Technical Findings Bull Market Support Band Test: He said, Bitcoin dropped to $73.5K, tagging the 20-week moving average. …
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