Fight between bull and bear on BTC, which one will win?
As you can see on the chart, it shows us that now BTC on the resistance and try to fight the bear, but will it win?
Based on, July 13 at around 8.30 the US CPI data was released, the final conclusion was that inflation in America had reached 9.1% YoY.
The possibility for Crypto and other economic sectors will tend to weaken.
It should be noted that there are still important agendas:
1. From the 25th to 28th, big companies such as Apple, Microsoft, Tesla aka issue financial reports, if this is negative then it has the potential to suppress Crypto prices
2. On 27 July there will be an interest rate hike trial
3. On July 28, the release of US GDP data, if this is negative then this is a sign that America is entering a world economic recession, and of course the market will be more volatile and tend to be negative as well.
Source: investing.com Bloomberg.com
If BTC breaks EMA 200, and goes down bellow 19k, it will possibly more down to around 16k or event bellow, DYOR
Based on, July 13 at around 8.30 the US CPI data was released, the final conclusion was that inflation in America had reached 9.1% YoY.
The possibility for Crypto and other economic sectors will tend to weaken.
It should be noted that there are still important agendas:
1. From the 25th to 28th, big companies such as Apple, Microsoft, Tesla aka issue financial reports, if this is negative then it has the potential to suppress Crypto prices
2. On 27 July there will be an interest rate hike trial
3. On July 28, the release of US GDP data, if this is negative then this is a sign that America is entering a world economic recession, and of course the market will be more volatile and tend to be negative as well.
Source: investing.com Bloomberg.com
If BTC breaks EMA 200, and goes down bellow 19k, it will possibly more down to around 16k or event bellow, DYOR
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