Climactic Moment for BTCsteemCreated with Sketch.

in #crypto5 days ago

Bitcoin is in consolidation right at its ATH. We're waiting for a reaction soon.

When working with the ATH level, we consider two scenarios:

— A fake-out with a pullback to 71k.
— Or a true breakout with an acceleration toward new key levels.

Macro data is also positively impacting the crypto market right now:

• GDP (Q3) — 2.8%
• Personal Spending (PCE) 1.5% (instead of the expected 2.7%) — budget cuts, weakening consumption.
• Core PCE 2.2% — stability is maintained.
• Consumer spending rose by 3.7% year-on-year.

This report could contribute to a weaker dollar, and as we know, a weak $ = a strong Bitcoin. We're waiting and hopeful that this is just the beginning for the market.

Coin Marketplace

STEEM 0.15
TRX 0.16
JST 0.028
BTC 68859.62
ETH 2444.01
USDT 1.00
SBD 2.34