Bitcoin price is twice as well as the PCE data is preparing for us star-news.press/wp

Main points:

• Bitcoin whales bear the blame as “Spoofy” transactions send a BTC price less than $ 110,000.

• Bitcoin means that the price repeats behavior earlier in August.

• PCE is located in the United States as a microscope as a motor in the next possible market.

Bitcoin (BTC) decreased by approximately 3 % on Friday, as interest again focused on selling the whale.

The “Spoofy” price of the “spoody” price raises doubts

Data from Cointelegraph Markets Pro and Tradingvief It showed that BTC/USD decreased by $ 3000 in hours to its lowest local levels of $ 109,436 on Bitstamp.

like Long coding for qualifiers It amounted to 350 million dollars over 24 hours, and the blaming merchants put on whales.

“This is not a noise. It is the Pisces Play Book,” Merlijn wrote in the X Publishing on Friday.

Merlijn has reported large flows in the winter market maker that includes BTC and the largest altcoin, ETHER (ETH).

As Cointelegraph continued to report, whale sale pressure on BTC behavior affected BTC prices throughout August, which led to a trip less than $ 109,000 earlier this week.

“$ BTC was doing the same over and over again,” he followed his commercial colleague Bitbull, describing a pattern of monotheism, surrender, exit and gatherings.

“Given the BTC chart, we are in the surrender stage. This may last for a few weeks and will provide good entries. Watch it,” it is, He said X followers.

Keith Alan, co -founder of commercial resource material indicators, agreed that liquidity owners’ behavior seemed to be tampered with.

Alan, the entity, who had previously called “Spooofy The Whale”, reference to deliberate liquidity transformations to influence prices and other traders.

“Spoofy” appears to be left to its usual games, adding some ability to predict the procedure in the short term, ” summary In the X.

Encouragement marketing markets in PCE printing us

Other factors that play in twice the price of BTC include total economic tensions surrounding inflation data in the United States.

Related to: Bitcoin can still reach $ 160,000 by Christmas with the return of “average” Q4

The “Favorite” inflation scale was in the Federal Reserve, the Personal Consumption Expenditure Index (PCE), at 8:30 am.

Inflation data is of utmost importance to encryption and risk assets before reducing the expected interest rate in the Federal Reserve in September.

“Federal scale of Fed ArgueAdding that Bitcoin was “fluctuating” before printing PCE.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.