Tough drift ahead of US inflation, bears lurking The current analysis

Bitcoin drifts lower with slow move, but US inflation next Wednesday could change everything…

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 - Bitcoin ISIN: XC000A2YY636 - WKN: A2YY63

The above image for Bitcoin

And again, nothing new regarding Bitcoin, even if the technical picture has started to cloud over a little.

As a reminder: in the Last week’s Bitcoin review We had sketched out a very hopeful picture in terms of fresh impetus from the various macroeconomic news events such as the ISM purchasing managers' indices, ADP, JOLTs or NFPs, and discussed a slight tendency towards the short side.

Source: XTB xStation5 Bitcoin daily chart (August 28, 2023 to September 7, 2024). Screenshot taken on September 7, 2024

We wrote – If there is a fall and a hold below $57,000/58,000, a renewed attack on and even a fall below $50,000 is a serious option. – and now it has indeed fallen below the $57,000 mark, but…

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