The $65.5K Rejection: What Top Analysts Are Saying About Bitcoin’s Next Move
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US CPI data for June triggered a crypto relief rally that lifted the largest asset to a three-week peak of $65,500 after roughly a $4,000 intraday gain. The asset was subsequently rejected and fell about $1,500, with analysts warning the pullback may reflect historical resistance and signal short-term risk to crypto price momentum.
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The US CPI data for June brought a much-needed relief rally in the cryptocurrency markets, pushing the largest of the bunch to a new three-week peak at $65,500.
However, after gaining about $4,000 in just a day, the asset was rejected and driven south by $1,500. According to popular crypto analysts, this was not an isolated or accidental rejection, as history might map out the path forward.
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Coins
$ 65.09K
-1.35%
$ 0.00165
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In This News
Coins
$ 65.09K
-1.35%$ 0.00165
Predictions Markets
See what traders are focused on
Share:
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