$BTC Bitcoin is becoming intriguing. I don't enjoy saying this, but the drop yesterday was exactly what I anticipated and have been discussing for several days. Bitcoin broke out of its rising channel and quickly fell to around $60,000, where it has found a temporary bottom.
While trading volume increased during the decline, it has since dropped again to lower levels at the bottom. Therefore, I don't believe this correction is finished!
Today, we are expecting the U.S. Consumer Price Index (CPI) data announcement, which could have a positive impact on the market. On the other hand, there are increasing indications of an Israeli counterattack on Iran.
As a result, my outlook hasnât changed: I remain cautious. This correction is not over!
