Bitcoin's Price Hovers Above $30,000 Amidst Crypto Market Consolidation and Uncertainty Ahead of US CPI Data

07/12 05:45

Bitcoin's value is currently above $30,000 as the crypto market consolidates. The release of the US Consumer Price Index (CPI) will guide the Federal Reserve's next move, but analysts are divided on how Bitcoin will react to the expected 3% inflation rate. If Bitcoin surpasses the rectangle resistance, there is potential for a bullish breakout to $33,000.
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