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Bitcoin rises despite US inflation hitting 3-year high: Where will BTC price go?
Bitcoin's price has risen despite the US inflation reaching a 3-year high. However, BTC's rebound appears to be weakening under technical resistance levels, increasing the likelihood of a drop below $60,000 in June.
Related Signal
Adjacent reporting
- Inflation jumps to 3-year high, CPI shows, and that’s not the end of it
- Bitcoin, Ethereum Resume Rebound as Inflation Hits 3-Year High
- Inflation escalates to 3-year high. And it might get worse before it gets better.
- UK Inflation Rose to 3.3% in March
- US Inflation Just Hit 3.8% — Bitcoin Should Have Dropped. It Didn't. Am I Reading This Wrong?
- Consumer prices rose 3.8% annually in April, the highest since May 2023