-
BTC/USD: Neutral Outlook With a Bearish Bias
Bitcoin remained above the support level of $30,000 even after several important events that happened last week. The BTC/USD price jumped to 31,856, the highest level since 2022. It then retreated sharply to about 30,200. Two important things happened in the financial market last week. First, the US published encouraging consumer price index data. According to the Bureau of Labor Statistics (BLS), the headline inflation dropped to 3.0% in June while core inflation dropped to 4.8% during the month. These numbers came a few days after the US published soft jobs numbers. Therefore, risky assets like stocks rose as ... (full story)