Investors hold their breath: Macroeconomic data may influence the fate of Bitcoin

Investors are waiting for U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data to find clues to the Fed’s interest rate policy, and amid cautious optimism, the price of Bitcoin has slightly exceeded $63,000. Technical indicators such as RSI and MACD show bullish momentum, while sluggish trading volume reflects cautious sentiment. Weaker inflation data may support Bitcoin’s further rise, while stronger data may trigger selling pressure.