At 15.30, US Core Personal Expenditure (PCE) was announced as 0.1%, below expectations. The expectation was 0.2%.
With the announcement of this rate, the BTC price, which went above the red line that we mentioned in our previous analysis, jumped above $ 21,700 as of the moment.
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Although the price continued its downward trend before Powell’s speech, with the positive data BTC For now, it has started to move upwards.
However, Powell’s statements will again cause us to see fluctuating price movements. For this reason, let us remind you again that leveraged trading should be avoided during the day.
At this stage, the most important resistance level for BTC is $ 22,000, while exceeding this level may trigger acceleration up to $ 23,600.