Economists
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A new stimulus awaiting #Bitcoin today will push it upward...it faces a difficult resistance point.
_After a significant five-week period of momentum that saw its price rise by almost 40%, #Bitcoin has stalled over the past few days around the $37,000 area. As enthusiasm around the potential approval of Bitcoin exchange-traded funds has run out, speculators are now eyeing Tuesday's US CPI data as a new catalyst. #Economists expect the monthly headline CPI in October to slow to 0.1% from 0.4% in September. The CPI is expected to decline year-on-year to 3.3% from 3.7%. The #core.CPI , which excludes food and energy costs, is expected to remain flat as of September at 0.3% monthly and 4.1% annualized.
$BTC
#Follow_Me To see more news and details about digital currencies ✅💯⬇️💵🚀
_After a significant five-week period of momentum that saw its price rise by almost 40%, #Bitcoin has stalled over the past few days around the $37,000 area. As enthusiasm around the potential approval of Bitcoin exchange-traded funds has run out, speculators are now eyeing Tuesday's US CPI data as a new catalyst. #Economists expect the monthly headline CPI in October to slow to 0.1% from 0.4% in September. The CPI is expected to decline year-on-year to 3.3% from 3.7%. The #core.CPI , which excludes food and energy costs, is expected to remain flat as of September at 0.3% monthly and 4.1% annualized.
$BTC
#Follow_Me To see more news and details about digital currencies ✅💯⬇️💵🚀
