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Bitcoin Bounces Back Above $43,000 After Strong US Retail Sales Data Prompts Brief Price Dip – Here’s Why BTC Could Soon Hit Fresh Yearly Highs
14.12.2023
Stronger-than-expected US November Retail Sales data released earlier on Thursday triggered a sudden near-$1,500 drop in the Bitcoin (BTC) price from just under $43,000 to around $41,500. Seemingly, the data, which showed an unexpected MoM leap in headline and core retail sales last month...
Bitcoin, Ethereum Technical Analysis: BTC Remains Near 2-Month High, Following Strong US Retail Sales
17.10.2023
Bitcoin remained near a two-month high on Tuesday, as markets digested the latest retail sales figures from the United States. Sales, which account for two thirds of the U.S. economy, rose by 0.7% in September, 0.4% higher than expected. Ethereum briefly rose above $1,600. Bitcoin Bitcoin continued...
Bitcoin, Ethereum Technical Analysis: BTC Unmoved by Better Than Expected US Retail Sales Data
15.8.2023
Bitcoin mostly consolidated on Tuesday, as traders anticipated the release of July’s retail sales data from the United States. Sales rose by 0.7%, better than the 0.4% expected, and this comes following a 0.2% increase in June. Ethereum also remained unchanged prior to the data. Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000, Following Latest US Retail Sales Report
19.7.2023
Bitcoin slipped below the $30,000 mark on Wednesday, as markets continued to react to the latest U.S. retail sales report. Sales rose by 0.2% last month, which is more than the 0.5% sum many had forecasted. Ethereum has remained resilient, climbing back above $1,900. Bitcoin Bitcoin (BTC) slipped...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Friday, as Markets Digest US Retail Sales Data
16.6.2023
Bitcoin rose back above $25,000 on Friday, as markets continued to digest recent U.S. economic data. Yesterday saw retail sales climb higher than expected, rising by 0.3% in May, better than a projected decline of 0.1%. Ethereum moved closer to the $1,700 level. Bitcoin Bitcoin bulls made a brief...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Retail Sales Data
16.5.2023
Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level. Bitcoin Bitcoin (BTC)...
Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs
16.11.2021
The greenback regained strength in hopes that stronger inflation data in the U.S. would revive a tighter monetary policy and after better-than-expected retail sales growth