BTCUSDT: Coin Just One Step Away From Rising !
2024-11-13

BTCUSDT Accelerates and Updates New Highs Around 90,000. Crypto Market Potential Begins to Unfold Amid Trump Win Excitement

While Bitcoin is hitting an all-time high, one of the most important factors is inflation data from the United States, especially the CPI (Consumer Price Index) report, which is likely to directly influence the interest rate expectations of the US Federal Reserve (Fed). If the CPI is higher than expected, the Fed may continue to maintain or raise interest rates, which could boost the value of the USD and put downward pressure on risk assets like Bitcoin.
Theoretically, if inflation declines and expectations of a Fed rate cut increase, this could create positive momentum for Bitcoin and other risk assets.

However, BTCUSDT is at a key level with upside potential. Technically, the support zone around 76,000 and the liquidity zone just above are areas to watch closely. To confirm the uptrend, investors should wait for confirmation signs at these zones, such as positive price action or increased trading volume. If these conditions are met, a break of the 90,000 resistance zone is within reach, which could trigger a rally to new highs.