🚀 Bitcoin tiptoes toward $61,500 as Wall Street opens, ignoring the latest inflation drama! 📈
- BTC hit new highs at $61,476 on Bitstamp, shrugging off the Producer Price Index (PPI) exceeding expectations.
- PPI rose 1.8% vs. the expected 1.6%, adding to inflation woes alongside the Consumer Price Index (CPI).
- Despite inflation, Bitcoin and altcoins faced selling pressure, diverging from rising stocks.
Analysts are eyeing key BTC levels:
- $62k retest possible if $60,600/800 holds.
- Watch $63.9k for a breakout or $60.2k for a dip.
What’s your BTC prediction? Comment below! 💬