Glassnode founder Yann Allemann attributed the fact that Bitcoin (BTC) failed to pass the $31,000 resistance despite the positive US inflation data, due to the market’s pre-pricing the news.
Yann Allemann 12 July In the post he published on his official social media account on .
Allemann, Bitcoin’s downfall after US inflation announcement 31 thousand dollars rises to the level of with big sale together to the starting point that you are back expressed.
Allemann, Bitcoin’s positive data not to react explained in the following terms:
Bitcoin’s unresponsiveness on Wednesday shows that the released macro updates are already priced and in line with expected values.
In this direction, the founder prevention of volatility near the price “trading walls” claimed to have been placed.
If Alleman is on the technical side Bollinger of bands January He claimed that it has reached the narrowest range since the month of May and that this is the reason that led to the rise. Stating that open positions continue to remain low, the founder said that the price could move in any direction. not positioned also stated.
US June inflation 3% explained as 3.1% your expectations under was left. Bitcoin after data release $31.112 after raising the level $30,793 to their level had returned.
