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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-06-01 12:01:53

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Price Analysis: Chart Patterns Suggest Potential Upward Move =============== ...

Bitcoin Price Analysis: Chart Patterns Suggest Potential Upward Move
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#4b5de303 ver:0.67

Bitcoin's price is flat at $68,083.9 as concerns over inflation and interest rates impact sentiment. Traders are analyzing chart patterns, such as the inverse head and shoulders, suggesting a potential upward move. Bitcoin's price movement is contained within an upward channel, with strong support zones. As long as it remains above the 50-day moving average, the bullish trend is expected to continue, with a potential price target near $80,000. #Bitcoin #cryptocurrency #chartpatterns #bullish...

#newstr #Bitcoin #Cryptocurrency #ChartPatterns #PriceAnalysis

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