Bitcoin BTC Bitcoinprice crypto Bitcoin price plummets 7.5% following August's red hot CPI report
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Data from TradingView shows that Bitcoin traders were bullish in the early hours on Tuesday, which resulted in the price of BTC rising to resistance at $22,800 before the CPI announcement sparked a 7.5% sell-off in price that resulted in the top crypto hitting a low of $21,080.
And for the weary crypto traders who are wondering when this choppy, sideways action that is typical of a crypto winter might come to an end, market analyst and pseudonymous Twitter user Rekt Capital highlighted the fact that “it has almost been a year since BTC peaked in November 2021.Which means that this Bear Market is getting close to ending
Current pivot is 21k. Clean break below here, and 19k is next. Break 19k, and it goes to the main target of 14k-16k for the last low.— il Capo Of Crypto September 13, 2022 Altcoins get hammered