The daily candle closure of the UTC time zone closes everyone on the graph and BTC it had great results for. BTC, which finds more than 119 thousand dollars at the time of the article, provides the necessary support to overcome a large number of Altconin resistance levels, especially Dogge.
Why is Bitcoin rising?
The reason is very clear. Friday’s PCE data He once again confirmed that the increase in inflation was limited (the fact that customs duty did not cause inflation as much as it was feared). In the same way ADP data He wasted the recovery signals in employment and showed that the consensus expectations of Friday could be exaggerated (that is, there will be no recovery in employment compared to last month). What does this mean? The interest rate decision at the end of October will probably be in the direction of 25bp discount.
Of course, in the coming days, future data will have an impact on expectations. However, we see the worst work figures of 4.5 years means that the Fed should be over the neutral level for a long time since it should be. Indeed, Miran, Bowman and Waller FedThe theses he advocated against the overwhelming majority in his’ overwhelming majority seem to be confirmed.
You may say why 2 paragraphs have lasted to explain this clear reason, but the details reveal the whole. Closes over $ 117,800 will be very supportive for the new ACT for BTC.
After the PCE data, the earnings increase to 10 %, while the Asian market opening may see good summits in the hours if the speed of profit sales do not arrive.
