CPI meets low BTC supply — 5 things to know in Bitcoin this week
Bitcoin is proving everything is bullish but BTC price action this week, with network fundamentals and accumulation data in “up only” mode. Bitcoin (BTC) begins a new week barely clinging to $30,000 as a “bearish divergence” sets the tone. After a quiet weekend, BTC price action faces a potential pullback period within its broader bullish trend, traders say. What could be on the menu for the market this week? After a relative period of calm, external triggers are back for risk assets, with a slew of United States macroeconomic data releases combined with multiple speeches from Federal Reserve officials. Add to that some interesting dynamics around U.S. BTC buying now in play, and the recipe for volatility is there. Cointelegraph looks at these factors and more in the weekly rundown of what might move markets in the coming days. Limp $30,000 support gets traders hungry for BTC price dip Bitcoin may have closed the week at just over $30,000, confirmed by data from Cointelegraph Markets ...