Bitcoin Price and US Macroeconomic Data

🟡Bitcoin’s price did not react to the release of positive US macroeconomic data. Analysts are concerned about the strength of support at the $60,000 level.

🟡While the US market remains focused on a potential rate cut in September, market sentiment is leaning toward the Federal Reserve lowering interest rates. According to the latest data from the CME Group’s FedWatch tool, the probability of a rate cut is nearly 68%.

🟡Analytics platform Material Indicators expressed concern that support at the $60,000 level is weakening. Increased volatility is expected until the end of the month and beyond.