Bitcoin rejects volatility despite US economic data

[flavaw]

According to Cointelegraph columnist William Suberg, BTC price ignores US PCE data at USD 16,800 level as Bitcoin rejects volatility.

The latest US economic data fails to induce volatility in an otherwise flat Bitcoin price playing field.

Bitcoin experienced a flicker of volatility around the Dec. 23 Wall Street open as the latest U.S. inflation data matched expectations.

Data from Cointelegraph Markets Pro and TradingView showed the BTC/USD pair briefly uncoupled from solid sideways action to fall to USD 16,750 on Bitstamp.

Thanks for reading, have an exciting and productive day.

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Comments

[iskafan]

Bitcoin is trying to hold it's position so a lot of people won't lose faith in crypto.

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[flavaw]

I liked that, certainly the Bitcoin price action has remained in an important area which is very optimistic for investors.

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[flavaw]

Thanks.

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