Based on positive US inflation data, the BTC rate immediately breaks through $59,000. Yesterday's high was updated, the price tested the breakdown of the volume level of $59,335.
Taking into account the fact that, as part of the analysis of today’s surge in volatility, we were expecting a false movement as the first movement, this growth is a little concerning.
It remains to quote this part of the analysis:
“...The bulls’ task for today is to fix the price above the EMA 200 of the daily TF following the surge in volatility. This will open the way to the volume level of $62,987, where there is a whole pool of resistance separating the rebound from the reversal….
If, following the publication of data, the price remains below the EMA 200 of the daily TF and the day closes below it again, we will estimate the chances of reaching the volume level of $51,604 at about 70%.”
