Bitcoin ‘guardrail’ gets stronger at $60K as bulls brace for macro data

BTC price moves become increasingly erratic in the hours leading up to a slew of U.S. macroeconomic data prints after Bitcoin bulls fail to flip $63,000.BTC/USD had managed as high as $63,450 the day prior — a level at which shorts faced clear danger.

These would take the form of the Producer Price Index print on the day, along with commentary from Jerome Powell, chair of the Federal Reserve. PPI, he noted, would come before the Consumer Price Index readout for April, presenting a rare scenario for traders that does not account for wildcard misses in the data itself.

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