Bitcoin's Potential Reaction to US June CPI Data
The US June 2024 Consumer Price Index (CPI) data will be released on July 11, with a forecast of 3.1%, down from 3.3% last month. Last month's CPI data was slightly lower than expected, leading to a rise in Bitcoin prices. If the actual CPI is lower than the forecasted 3.1%, Bitcoin prices may continue to rise. However, if the actual CPI is higher than the forecast, market sentiment may turn negative, leading to a drop in prices.
Can Bitcoin Price Break $60,000?
BTC price is expected to show strong momentum this week as the recovery gains momentum. Potential positive events continue to emerge in the coming days, and the possibility of a strong recovery is increasing. Can Bitcoin price break the $60,000 mark and continue to rise? The market will wait and see.
