After the US inflation data, what are the price chart and market conditions in Bitcoin?
The US inflation data for January 2023, which affects the world economy and especially the crypto money markets, was announced as 6.4 annually. The announced inflation data is a rise in trying to surpass the averages on the Bitcoin side. With the effect of the announced US inflation data and FUD news, our Bitcoin article is trading at $22151, with a daily decrease of 0.22% at the moment of writing.
Bitcoin Chart Analysis
In anticipation of the inflation news from the USA, as I said in my previous articles, Bitcoin, which had a pullback to the EMA200 support level, went up to the EMA21 level with immediate purchases after the inflation news. Unable to maintain this rise, Bitcoin is stuck in the narrow band between EMA5 and EMA21, as seen in the chart. Therefore, the $22071 level, the EMA5, can be followed as the first support, and the $22218, the EMA21, as the first resistance value.
What is the latest situation in Altcoin?
The selling pressure in the leading cryptocurrency, bitcoin, is effective on altcoins.
The latest situation in some altcoins;
- Ethereum: down 0.30% at $1550,
- Solano: down 0.46% at $21.74,
- Avax: down 0.28% at $18.09,
- Ripple: up 1.62% at $0.3841,
- BNB: It is trading at $299.0, up 0.95%.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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