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Bitcoin Can Get Support Here After This Week's Critical Announcements - Coin Newsletter
According to QCP analysts, the volatility in the Bitcoin (BTC) price may decrease due to this week's important developments.
According to QCP analysis, the spot Bitcoin price, which fell as low as 60 thousand dollars on Friday after the hawkish policy statements from the Fed, largely recovered from the effects of this.
"As the market digests the effects of several consecutive macro developments this week, volatility in the price may decrease at these levels," the analysts said. *Said.
Today, Fed Chairman Powell is expected to speak and Producer Price Index data is expected to be released. Tomorrow, the Consumer Price Index data will be released.
"Given last week's strong reversal from lows, $60K still looks like a strong support level** if there are no hawkish surprises," analysts said. *Said.