BTCUSD

The US CPI data to be announced today is of great importance for Bitcoin. Especially with regulatory concerns and the deterioration of global risk perception, the incoming macroeconomic data could create extra volatility in the market. Resistance levels are 130488.91, 127939.12, and 125489.32; the pivot is at 120499.73; and support levels are 117700.07, 115440.14, and 112940.35. The result of the US data and geopolitical developments could clarify the direction. In Bitcoin, which has seen a correction after a sharp rise, the weekly main support level remains at 108,800.