On December 13, after a two-week-long lateral movement, Bitcoin posted a 6.5% rally toward $18,000 and even though the current movement still lacks strength, traders believe that a retest of the $18,250 resistance remains possible.To start the week, the S&P 500 index rose to its highest level in twenty-six days on Jan. 9. Weak economic data had previously fueled investors' expectation of slower interest rate hikes by the U.S. Federal Reserve and the Jan.
On Jan. 6, German retail sales data showed a 5.9% year-on-year contraction took place in November. In the U.S., economic activity in the services sector contracted in December after 30 consecutive months of growth. The Services PMI reading was 49.6%, and readings below 50% typically point toward a weakening economy.
Investors anxiously wait for the Consumer Price Index release on Jan. 12, which is more likely to dictate bets on whether the FED will raise interest rates by 0.25% or 0.50% in early February. Economists expect inflation to increase by 6.6% over the prior year in December, so a weaker-than-consensus CPI could further boost markets' performance.most of its staff during the second half of 2022.
Source: Digital Coin News (digitalcoinnews.net)
I am sure it will happen in the near future. I'm already ready to spend my profits with a crypto-card from ownr
On December 13, after a two-week-long lateral movement, Bitcoin posted a 6.5% rally toward $18,000 and even though the current movement still lacks strength, traders believe that a retest of the $18,250 resistance remains possible.
The bulls can take BTC to $18k in the next 24 hours, but I'm more impressed by Nexa, the new project created by BitcoinUnlimit. NexaMoney 🔥 🔥
Interesting
Patience is the name of the game, the longer it takes for the bull run to come back, the more time we have to accumulate Bitcoin at a discount
People are getting excited over very small numbers imo
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