BTC prices have traded sideways for 13 days, but this could soon change. The price has been forming an inverse head-and-shoulders pattern, which will turn active on a breach to $61,880 and has a target of $67,765.
Key data that could spark a breakout today includes U.S. jobless claims, which saw a significant decline last week, easing stress in stock indices. Additionally, the U.S. flash PMIs are noteworthy, with last month's sharp drop in the manufacturing reading sending stocks lower. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
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