#CPI&JoblessClaimsWatch
Bitcoin is rising... and liquidity is spreading!
Although Bitcoin's rise in recent days is supported by an increase in its dominance in the market – which has reached new levels – it is notable that alternative currencies are also rising with it, reflecting the entry of real new liquidity into the market and not just internal rotation.
Technical analysis indicates that Bitcoin is facing strong resistance near the level of $85,500, and important support at $78,000.
Breaking through these levels could open the door to a new wave of increases, especially with the growing interest of institutional investors in the crypto market.
It is worth noting that recent economic data, such as the Consumer Price Index (CPI) and unemployment claims, are being closely monitored by investors due to their direct impact on risk appetite in the markets.
The market is in a noticeable expansion phase... and indicators suggest significant movements ahead.