Bitcoin Trading Around $83,500 Amid Demand and Rate Risks
Bitcoin's price is experiencing a conflict between strong ETF and corporate demand on one side, and persistent inflation and interest rate risks on the other. Trading around $83,500, key levels to watch are $82,000 downside and $87,500 as a trigger for further movement.
Bitcoin’s price is caught between firm ETF and corporate demand on one side and persistent inflation and rate risks on the other, Bitget Wallet’s Lacie Zhang said in a note. It is trading around $83,500, with Zhang putting $82,000 as the key downside level and $87,500 as the trigger to a…