Bitcoin Hits $64K, Eyes Resistance Zone Amid Inflation Data

This week is packed with economic releases that could influence risk assets and crypto prices. Bitcoin has reached $64,000 and is approaching a key resistance zone of $69,000 to $70,000.

The week's biggest catalyst will be the July Consumer Price Index (CPI) inflation data on Wednesday, followed by the Producer Price Index (PPI) inflation data on Thursday. Strong figures could show economic resilience but weaken rate-cut bets, while softer results may lift expectations for easier policy and support risk assets.

Ethereum is also attracting attention after two TD Sequential buy Indicators were revealed on its monthly chart, a black 9 and an S13. This could potentially lead to a move toward $3,000 if the latest signs are validated.