Bitcoin stabilizes as investors wait for inflation news on the US dollar

Bitcoin Price Expectations for a Rise in the Coming Period

 

Bitcoin is still trading between 113,400

and 110,700, amid weak movement and declining buying momentum

due to investors' anticipation of US dollar inflation news

next Wednesday of this week.

We are also expected to witness a rise in Bitcoin

as the currency has reached strong buying levels at the moment despite the stability

which could push the currency to rise again near 116,700

and could continue rising if it exceeds these levels, reaching

the 120,000 level, which is considered an important resistance level at the moment.


The cryptocurrency market has also witnessed a rise in some other currencies, including...


The market witnessed a rise in Dogecoin in recent hours,

reaching $0.23870.

Solana also rose to $216.

HYPE is approaching its all-time high, near $51.

We are likely to see these currencies continue to rise in the near and medium term.