BTC, Box Rights Sideways…Focus on CPI Announcement this Week
CryptoNewsTerminal Staff10 Jun, 2024
BTC, Box Rights Sideways…Focus on CPI Announcement this Week
The crypto market, and bitcoin specifically, has been moving sideways with moderate volatility over the past couple of days. Cryptocurrency analyst Michaël van de Poppe, who has 638.2k followers on Twitter, said through a tweet, "Bitcoin continues to move sideways in the current key area ($67,689-$71,769). Breaking above the upper price range of $71,700 would be great, but it's common to approach the week ahead of a United States Consumer Price Index (CPI) release conservatively." The US CPI announcement is scheduled for the 12th of this month.
