Can US CPI impact the market today?

Bitcoin (BTC) continues to oscillate below the $ 100,000 mark, reflecting the caution of investors in the face of global economic indicators. In the 4-hour chart, a lateral movement is observed, indicating indecision in the market.

Market context: expectations around US inflation rate

Investors are aware of the dissemination of Consumer Price Index (CPI) from the United States, scheduled for today (12) at 10:30 am in Brasília time. This indicator is crucial because an expected inflation can influence Federal Interest rate decisions, directly affecting risk appetite, such as bitcoin. Currently, the BTC is being negotiated at US $ 96,213, with a 1.94% drop in the last 24 hours. The maximum intraordinary value was $ 98,231, while the minimum reached $ 94,864.

Bitcoin Price Analysis. Source: Tradingview

MAIN SUPPORT AND RESISTANCE LEVELS to keep an eye

In the 4 -hour chart, Bitcoin presents the following critical points:

  • Resistance: US $ 99,500
  • Support: US $ 94,500

The Relative Strength Index (RSI) is a technical indicator that measures the speed and change of price movements. It varies from 0 to 100, and values ​​above 70 indicate overcomparance and below 30, overwheliness. Currently, Bitcoin RSI is 55.98, suggesting a slight buying force.

Future Perspectives: What to expect from Bitcoin?

In addition, the disclosure of CPI in the US may bring volatility to the cryptocurrency market. A above -expected inflation rate can press the Federal Reserve to maintain or increase interest rates, reducing appetite for risk assets such as bitcoin. Investors should closely monitor these developments and the technical levels mentioned to make informed decisions.

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