#bitcoin☀️ SV Makes A Surprise Move With 10% Uptick – Details

Bitcoin SV (BSV) has gained over 10% in the past week, riding the broader bullish trend in the crypto market. Currently trading in the $40-$46 range, BSV is positioned for a potential breakout, with the possibility of reaching $62 if market momentum continues. However, the token's #RSI indicates some weakening in momentum.

The market's focus is on the upcoming Consumer Price Index (CPI) data, which could influence the Federal Reserve's decision on interest rates. If the CPI suggests decreasing inflation, a rate cut could boost both traditional finance and the crypto market. Conversely, stable or increasing CPI could lead the Fed to maintain its current rate, potentially triggering outflows from both stocks and crypto.

Source - newsbtc.com