Bitcoin Belly Flop Incoming? US-China Drama and Data Shakeup! 😂🔥

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Bitcoin Belly Flop Incoming? US-China Drama and Data Shakeup! 😂🔥

Hold onto your digital hats, folks! Bitcoin is playing tug-of-war like a monkey on a banana peel. Bulls are swinging for the fences, dreaming of an all-time high—$105K-ish—while the bears are grinning, clutching their trade talks and inflation stats like it’s Christmas morning. 🎅📉

Today’s big show? US-China trade talks! Or as I call it, “Who’s actually going to pay for this trade war circus?” Meanwhile, traders are glued to the macro-mess, whispering about inflation numbers—CPI and PPI—like it’s the latest episode of the “Crypto Suspense Thriller.” Spoiler alert: it’s not looking good for our hero, Bitcoin! 🦸‍♂️💸

Bitcoin Traders Eye US-China Trade Deal, Macro

Bitcoin holds its ground at a stubborn $105,629—like a cat refusing to move from your keyboard during a crucial Zoom call. Last week was a rollercoaster, but hey, who doesn’t love a little market chaos? Investors are hoping Trump and Xi will bring peace, or at least a good slapstick routine, in London later today. Or maybe just a handshake. No one knows! 🤝🌍

Meanwhile, US inflation stats are coming—like that unwanted guest at a party—expected to climb a notch to 2.5%. The PPI isn’t exactly on a diet either, up to 2.6%. Could this cause the Fed to cut rates early? Or maybe just throw another paper plane across the room? Stay tuned! 📰✈️

Bitcoin Price Action Looks Weak

Analyst Benjamin Cowen predicts Bitcoin might drop below $100K—like a balloon losing air—before bouncing back to around $103K–$104K. Despite a recent swoon from its all-time high, BTC’s still playing the bullish card. But don’t get too comfy—market RSI is down to 53.50, which in trader-speak means “Oops, uncertain times ahead.”

Bitcoin Price Chart

And guess what? The 50-day moving average is holding strong—like a stubborn mule—but the 20-EMA might cross below the 50-EMA soon. It’s a financial soap opera, folks. Will the US-China drama and inflation data steer Bitcoin this way or that? Only time—and a lot of coffee—will tell. ☕🔮

Bitcoin Volatility Chart

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2025-06-09 12:05