BTC price shirks US PCE inflation win as Bitcoin $42K buyers step in

ADS


Bitcoin is not in the mood for another breakout attempt, and even five-month lows in the U.S. dollar index can’t budge a flat BTC price.

Bitcoin (BTC) failed to react to positive inflation cues on Dec. 22 as United States macro data boosted bets of an interest rate pivot.

Data from Cointelegraph Markets Pro and TradingView tracked muted BTC price movements around the week’s final Wall Street open.

Despite a breakout beyond $44,000 earlier in the week, range resistance remained firmly in place for Bitcoin ahead of the U.S. holiday period.

Read more



Source link Coin Telegraphs

ADS

Be the first to comment

Leave a Reply

Your email address will not be published.


*