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.
Bitcoin (BTC) threatened to give back early week gains on May 14 as volatility increased into macro data reports.
Data from Cointelegraph Markets Pro and TradingView showed BTC price weakness entering on hourly timeframes, producing a dip to $61,440 on Bitstamp.
BTC/USD had managed as high as $63,450 the day prior — a level at which shorts faced clear danger.
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Author: William Suberg
