BTCUSD

The cryptocurrency market is focused on the dense macro data flow for the rest of the week. Bitcoin pricing may exhibit movement in parallel with the US GDP data and the general trend in risk appetite. Technically, the support zone of 11294.12–11385.44 should be closely monitored for its potential to limit downward movements. Maintaining a position above this zone will keep the possibility of a recovery towards the resistance level of 11845.24. If there is a significant deterioration in global risk appetite and this support zone is broken, an increase in selling pressure towards the levels of 11096.24 and then 10925.64 can be expected.