Bitcoin slides to support at $23k as rising inflation sparks a run for the exits

Bitcoin slides to support at $23k as rising inflation sparks a run for the exits Bitcoin BTC Bitcoinprice

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Data provided by TradingView shows that after managing to hold above $23,800 throughout Thursday and into Friday morning, the release of the PCE data was followed by a Bitcoin selloff that saw the top crypto hit a daily low of $22,897 before dip buyers arrived to bid its price back above support at $23,100.While some viewed the drop with weariness, Kitco senior technical analyst Jim Wyckoff maintained his position that “This week’s sideways price action, or pause, is routine and not bearish.

I won't be shorting, b/c I think theres gonna be some fckery in between. Simply sitting sidelined looking for longs.

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