Bitcoin (BTC) launches into US CPI week with new multimonth highs as traders dig in for volatility.
BTC price action is giving increasingly bullish signals, joined by a key cross on the weekly MACD indicator.
The weekly close fell just short of expectations, raising doubts over whether price discovery will return in the immediate future.
CPI and PPI headline the week’s US macro data drops, but markets are all about the US-China trade deal and its implications.
Bitcoin supply in loss drops below 2% in a rare test of hodlers’ staying power.
Despite the gains, crypto market sentiment remains cool amid a lack of mainstream interest.
Bitcoin MACD cross copies October 2024
Bitcoin managed to preserve its highest levels since January around the weekly close as bulls battle resistance below all-time highs.
Volatility was visible over the weekend thanks to BTC/USD staying sensitive to developments around US