$BTC price sheds $7,000 despite positive C
Data from Cointelegraph Markets Pro and TradingView showed BTC price action spiking to near $61,000 on the back of the latest Consumer Price Index (CPI) print.
Coming in below expectations, the result was slated to boost risk assets and crypto, but Bitcoin’s reaction was short-lived.
My plan has remained unchanged for the last week. Not seeing strength here for continuation upwards as we have bearish price action (low vol + price up)
showed price cutting through bids while a new line of resistance was being stacked at $71,000
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After hitting $62,809 on ButstamBTC/USD fell by more than 5% in just over an hour.
Responding, popular trader who had earlier warned about erratic BTC price moves around US macro data prints, was relieved.
