BTCUSD trades flat ahead of US PCE data. It hit a low of $67193 at the time of writing and is currently trading around $67741.
Health Firm Selmer bought Bitcoin as a primary reserve asset for $40 million.
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ trades flat ahead of US GDP. Any close above 19000 will take the index to 19200/19500.
Major economic data for the day -
US Richmond Manufacturing Index (2 pm GMT)
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.10% from 96.50% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and the long-term moving average (200 EMA) in the 4-hour chart.
Minor support- $65000. Any break below will take it to the next level at $63000/$60000/$56000/$50000.
Bull case-
Primary supply zone -$75000. Any break above confirms a bullish continuation. A jump to $80000 is possible.
Secondary barrier- $80000. A close above that barrier targets $100000.