$BTC As mentioned earlier, if Bitcoin fails to break through the 119 thousand area, it will return to the 118 thousand area. If it fails in this area, it is also likely that we will see it return to 116 thousand and 117 thousand, with the possibility of it dropping to lower areas if negative news comes in. However, with the opening of the American markets, volatility may start to rise with news related to the Consumer Price Index regarding inflation, which may reach 2.8%. On the other hand, Bitcoin is expected to rise, but what is happening here is exactly the opposite, as demonstrated by the example, or Ethereum reaching the level of 4300 this month, but everything is going against Bitcoin. The influx of liquidity into cryptocurrencies significantly affects Bitcoin's rise.
$BTC Currently, the price is volatile due to the Consumer Price Index news before we see the news, but you must understand that Bitcoin needs to close above 119 thousand and re-test the 120 thousand, 121 thousand, and 122 thousand areas. If it succeeds in reaching this target, it is likely to target levels of 125 thousand, 127 thousand, 132 thousand, and 134 thousand. These targets depend on the liquidity that appeared in the previous month, so caution should be exercised when trading during the Consumer Price Index news.
$BTC The Relative Strength Index (RSI) on the four-hour timeframe is negative after breaking the 55.00 level, indicating the possibility of a rebound at 50.80, but if the target fails, the indicator
