Bitcoin May Get Support Here After This Week's Critical Stat

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Bitcoin May Get Support Here After This Week's Critical Statements According to QCP analysts, the volatility in the Bitcoin (BTC) price may decrease due to important developments this week. According to QCP analysis, the spot Bitcoin price, which dropped to $60,000 on Friday following the hawkish policy statements from the Fed, has largely recovered from its effects. Analysts said, “Price activity may diminish at these levels as the market digests the effects of several macro developments in a row this week.” said. Today, Fed Chairman Powell is expected to give a speech and Producer Price Index data will be announced. Consumer Price Index data will be announced tomorrow. "Given the strong bounce back from the lows last week, barring any hawkish surprises, $60,000 still looks like a strong support level," analysts said. said.

Bitcoin May Get Support Here After This Week's Critical Statements
According to QCP analysts, the volatility in the Bitcoin (BTC) price may decrease due to important developments this week.
According to QCP analysis, the spot Bitcoin price, which dropped to $60,000 on Friday following the hawkish policy statements from the Fed, has largely recovered from its effects.
Analysts said, “Price activity may diminish at these levels as the market digests the effects of several macro developments in a row this week.” said.
Today, Fed Chairman Powell is expected to give a speech and Producer Price Index data will be announced. Consumer Price Index data will be announced tomorrow.
"Given the strong bounce back from the lows last week, barring any hawkish surprises, $60,000 still looks like a strong support level," analysts said. said.