Bitcoin Waiting for Market Movements

🟡The price of Bitcoin continues to fluctuate around the $62,000 mark. Traders are holding their breath, awaiting crucial macroeconomic data from the United States. The consumer price index (CPI) and the producer price index (PPI) could significantly impact the market. Analyst Skew emphasizes that risk assets, including Bitcoin, might start to form a trend after these reports.

🟡However, there are concerns about declining demand from U.S. investors. This is evidenced by the drop in the Coinbase premium, which has reached its lowest point since early August. As a result, U.S. traders may have adopted a wait-and-see strategy before making decisions on their positions.