July CPI Comes in Cool at 2.7%: What This Means for the Price of Bitcoin

Bitcoin is facing a strong sell wall around the $120,000 level. The latest attempt to break higher was rejected, resulting in a 3% retrace to about $118,525 on Tuesday. This short-term weakness is being highlighted by a “death cross” on the four-hour chart and a bearish divergence on the daily RSI, both hinting at a […] The post July CPI Comes in Cool at 2.7%: What This Means for the Price of Bitcoin appeared first on Coin Edition.