In the last 24 hours, Bitcoin's price rose by 1.8% amidst decreased trading volumes. Investors are looking forward to upcoming US inflation data, which may influence the asset's future movements.
Current Bitcoin Price Status
The Bitcoin price reached $97,527, despite a 35% reduction in trading volumes to $48.3 billion. Analysts note that current attention is focused on the forthcoming US inflation data, which could influence the Federal Reserve's monetary policy stance.
Price Forecast: Target of $110,000?
The current consolidation near the $97,000 level may signal further growth. A breakout above the $100,000 resistance could lead to reaching $110,000. Conversely, if it falls below the 50-day SMA, Bitcoin might test $90,000, and significant fluctuations could drive it towards the 200-day SMA at $73,899.
Best Wallet Presale: Details and Prospects
The Best Wallet project has raised over $7.1 million in its presale. The wallet offers users secure storage and management of cryptocurrencies. Its presale success is buoyed by investor interest in new projects, including specialized tokens that have previously delivered significant returns to early investors.
Bitcoin prices continue to exhibit volatility as macroeconomic data is awaited. Despite several positive signals, downside risks remain significant. Investors are showing substantial interest in alternative opportunities, such as presales of promising projects, which could impact the market overall.
