BTCUSD

The major cryptocurrency Bitcoin will show high sensitivity to today's US inflation data as a global risk asset. A high inflation figure could create selling pressure on Bitcoin, as it is a factor that reduces liquidity in the markets and decreases risk appetite. In this case, support levels at 108659.12 (Support 1) and 107290.17 (Support 2) can be monitored below the pivot level of 109841.06. On the other hand, a lower-than-expected inflation figure could increase risk appetite in the markets, accelerating capital flow into assets like Bitcoin. In this positive atmosphere, levels of 111010.01 (Resistance 1) and then 111991.95 (Resistance 2) can be targeted.