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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-06-03 13:02:53

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Price Remains Rangebound at $68k Despite Rate Cut Hopes =============== ...

Bitcoin Price Remains Rangebound at $68k Despite Rate Cut Hopes
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#4b5de303 ver:0.7

Bitcoin remains rangebound at $68k as traders price out rate cut hopes by the Federal Reserve. The upcoming US economic data releases will be closely watched for market impact. Bitcoin's short-term outlook depends on crucial price levels and technical indicators. Altcoins and institutional investors are monitoring for volatility and investment opportunities. Bitcoin's price movement suggests a potential upward move, with a target near $80k. Veteran trader Peter Brandt highlights Bitcoin's growing significance and identifies an inverted head and shoulders pattern. El Salvador President's re-election has little impact on Bitcoin. BTC ETF sees net inflows, while broader cryptocurrency prices show little movement....

#newstr #Bitcoin #Cryptocurrency #InterestRateCuts #Inflation #BtcEtf #ElSalvador

https://here.news/story/4b5de303?ver=0.7
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