#BinanceSafetyInsights #CPI&JoblessClaimsWatch
Bitcoin is rising... and liquidity is spreading!
Although Bitcoin's rise in recent days is supported by an increase in its market dominance – which has reached new levels – it is noteworthy that alternative currencies are rising alongside it, reflecting the entry of real new liquidity into the market and not just internal rotation.
Technical analyses indicate that Bitcoin is facing strong resistance near the $85,500 level and significant support at $78,000.
Breaking through these levels could open the door to a new wave of increases, especially amidst growing interest from institutional investors in the crypto market.
It is worth mentioning 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... and indicators suggest significant movements are coming.