🚨 $BTC Alert 🚨
Bitcoin has seen a sharp decline, currently trading at $59,515.63 (-2.91%). The resistance level at $62,000 remains a significant barrier, while the support around $58,000 is being closely tested.
This drop coincides with the recent release of the CPI inflation data, which has sent shockwaves through the crypto market. The higher-than-expected inflation figures have fueled uncertainty, leading to increased volatility across major cryptocurrencies.
As we move forward, traders should watch these key levels closely. A break below $58,000 could signal further downside, while a move above $62,000 may reignite bullish momentum.
#Crypto #Write2Earn! #MarketDownturn #InflationImpact #CryptoMarket