BTCUSD

Bitcoin is consolidating below the pivot level of 10816.80. The ascending triangle formation on the four-hour chart is expected to break out soon. While institutional investors' interest in ETFs is decreasing, global macroeconomic uncertainties are limiting risk appetite. The upcoming U.S. inflation data and statements from Fed officials could increase volatility. From a technical perspective, if the support at 10583.47 is broken, the levels of 10359.91 and 10112.92 may be tested. In upward movements, if sustainability is achieved above the resistance level of 11132.75, the levels of 11240.78 and 11516.77 may be targeted.