Bitcoin $107,521.22 It started with the rise of the new week and increased by 1.41 percent in 24 hours and was based on a threshold of 108 thousand dollars. The largest crypto currency that has entered the four -day recovery process since last week’s 100,377 dollars is faced with a critical test in the short term. Swiss -based analysis company SwissblockThe most important determinant of this week will be announced in the USA on Wednesday. Consumer Price Index (CPI) stressed that there will be data.
Inflation data can shake the market
The economic data calendar will be the main element that leads the week. It will come with CPI to be announced on Wednesday on Friday Producer Price Index (UFE) data will clarify the appearance of inflation in the USA. Data above expectations may reduce risk appetite with concern that monetary policy will be tightened. On the contrary, a soft table can relieve the crypto money market and activate the prices upward.
Swissblock analysts said that despite the data flow, the bulls took position again. The company that transfers structural recovery signals after consecutive losses last week bullHe said they could reverse the game. Although it is pointed out that investor sensitivity remains cautious, the four -day rise in a row has reinforced the self -confidence of the purchase side in the short term.
Critical support and resistance zones in Bitcoin
The price on the technical front permanently has difficulty exceeding the band of 107 thousand dollars. Swissblock foresees a “mini -exam” of around $ 104,000 in the short term. In -chain data provider GlassnodeAccording to 0.95 standard deviation slice 103 thousand 700 dollars, 0.85 tranches of 95 thousand 600 dollars offers critical support. These levels are considered as the first defense line if profit purchases increase.
In the upward scenario, standard deviation bands open up to 114 thousand 800 dollars. Short -term investors are located at the cost of the cost of 97 thousand 100 dollars, while a downward breakage of 83 thousand 200 dollars can work as a bottom support said. All these thresholds stand out as key reference zones that will determine the direction of the weekly course.
In addition, the price is still busy erasing the traces of last week’s withdrawal last week. Since June 3, the decline series, which starts at $ 106 thousand 901, has ended. This may open the door to new records if 107 thousand dollars are permanently overcome.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
