A technical analysis pattern that suggests a reversal of Toro has appeared in the daily price table of Bitcoin (BTC) as market participants look for the inflation data of the United States to put a low -risk asset floor.
BTC has recently received a beating, falling from $ 100,000 last month to less than $ 80,000 this week due to several factors, including risk aversion at Wall Street, concerns about Trump’s tariffs and the fears of recession of the United States. The disappointment for the lack of new BTC purchases under Trump’s strategic reserve plan was added to the downward impulse.
However, as prices fell to a minimum of several months below $ 80,000 on Tuesday, the Relative Force Index (RSI), an impulse oscillator widely followed, did not confirm this decrease. The indicator produced a higher bass, contradicting the lowest bass in the price table, confirming what is known as RSI’s upward divergence.
Indicates that while the price is going down, the impulse behind the sale is weakening, which could indicate an upcoming investment to a bullish trend.
The employer could not have arrived at a more interesting moment than today, since the United States consumer price index is expected to be scheduled for its launch at 12:30 UTC, show progress. The BTC’s uprising divergence of the RSI means that the stage is established for a positive response to a possible soft reading.
According to CNBC, the data is expected to show that the main CPI and the central figure, which excludes food and energy, increased 0.3% month by month in February. This implies an annualized reading of 2.9% for the main CPI and 3.2% for the nucleus, both 0.1 lower percentage points than in January.
“The impression of the IPC tonight could establish the tone for the expectations of rates, since the markets now have a price in four fed cuts this year, compared to one in January. Will inflation data validate this change or bring fresh turbulences?” Said QCP Capital, based in Singapore, QCP Capital in a telegram transmission.
