BTCUSD

Bitcoin is trying to hold above the pivot level of 118273.71. The meetings of the ECB and the TCMB today could affect the cryptocurrency markets in terms of global liquidity conditions. PMI data and unemployment claims to be announced in the US may provide clues about the overall state of the economy, potentially impacting Bitcoin. Especially if unemployment claims come in higher than expected, the anticipation that the Fed could be more aggressive in terms of interest rate cuts could positively affect the cryptocurrency market. As long as it stays above the pivot level, resistance levels of 119374.45, 121864.28, and 123909.57 can be targeted. In case of downward movement, support levels of 116293.87, 115183.13, and 113637.84 will be monitored.