Market Overview and Bitcoin Price Analysis Short-term (11/12)
BTC Technical Analysis
H1 H2 is above EMA 34.89 short term uptrend. The possibility of a sideway weekend around 17050 - 17400
📈Long: 17050 - 17100
SL: 16900
📉Short: If an M15 candle closes below 17000, it will say #Short
Market Overview
Bitcoin price today 11/12 recorded at $17,172, BTC has a current supply of 19.23 million BTC and a maximum supply of 21 million BTC.
The total cryptocurrency trading volume on the market over the past 24 hours was $23.83B, or a decrease of 29.4%. The trading volume of all stablecoins is $21 billion, representing 90.42% of the total 24 hour crypto trading volume.
With the Producer Price Index (PPI) in November not very optimistic, the results of the Consumer Price Index (CPI) of the month are at the center of the market.
Investors expect CPI to show U.S. inflation continuing to fall, giving new strength to risk assets, including cryptocurrencies.
In China, analyst and trader TechDev has outlined a leading indicator of Bitcoin strength in the form of China 10-year bond yields against the US Dollar Index (DXY). The index is currently heading higher, if history repeats BTC/USD could benefit.
H1 H2 is above EMA 34.89 short term uptrend. The possibility of a sideway weekend around 17050 - 17400
📈Long: 17050 - 17100
SL: 16900
📉Short: If an M15 candle closes below 17000, it will say #Short
Market Overview
Bitcoin price today 11/12 recorded at $17,172, BTC has a current supply of 19.23 million BTC and a maximum supply of 21 million BTC.
The total cryptocurrency trading volume on the market over the past 24 hours was $23.83B, or a decrease of 29.4%. The trading volume of all stablecoins is $21 billion, representing 90.42% of the total 24 hour crypto trading volume.
With the Producer Price Index (PPI) in November not very optimistic, the results of the Consumer Price Index (CPI) of the month are at the center of the market.
Investors expect CPI to show U.S. inflation continuing to fall, giving new strength to risk assets, including cryptocurrencies.
In China, analyst and trader TechDev has outlined a leading indicator of Bitcoin strength in the form of China 10-year bond yields against the US Dollar Index (DXY). The index is currently heading higher, if history repeats BTC/USD could benefit.