Bitcoin traders brace for US macro data with BTC price stuck at $67K
Bitcoin bulls seem unable to effect significant change on a sideways market — traders hope that macro data will upend the status quo for BTC price action.
Bitcoin (BTC) failed to attract bids nearer $70,000 on May 30 as traders prepared for a “pretty massive” macroeconomic data release.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action lacking impetus as it ground away at nearby support.
Four wicks toward $67,000 in recent days established that level’s importance as a line in the sand to maintain for bulls, who nonetheless struggled to muster the strength to revisit overhead resistance.
Bitcoin bulls seem unable to effect significant change on a sideways market — traders hope that macro data will upend the status quo for BTC price action.
Bitcoin (BTC) failed to attract bids nearer $70,000 on May 30 as traders prepared for a “pretty massive” macroeconomic data release.Data from Cointelegraph Markets Pro and TradingView showed BTC price action lacking impetus as it ground away at nearby support.Four wicks toward $67,000 in recent days established that level’s importance as a line in the sand to maintain for bulls, who nonetheless struggled to muster the strength to revisit overhead resistance.Read more