BTC and a Return to $27,000 in the Hands of China and US Stats
After a second positive session on Tuesday, Bitcoin will probably follow important economic signs from China and the US, such as store sales and US PPI figures.

Bitcoin (BTC) increased by 2.28% on Tuesday. Bitcoin finished the day at $24,735 after rising by 9.51% on Monday. The $26,000 address was prominently reviewed by Bitcoin for the first time since June 2022.
Following a period of range-bound trading, Bitcoin climbed to a day high of $26,529 before going into decline. At $25,229 and $26,276 respectively, Bitcoin overcame the First Major Resistance Level (R1) and Second Major Resistance Level (R2). Bitcoin, however, fell to a low of $24,060 after the turnaround. Bitcoin recovered after avoiding the First Significant Support Line (S1) at $22,507 and ended the day at $24,735.
The NASDAQ Index and US Business Data Provide Backing
US economic data led to a positive session, with the crucial US CPI figure garnering a lot of attention.
The yearly inflation rate decreased from 6.4% to 6.0% in February, as predicted. The less active Fed interest rate track to achieve goal inflation was backed by the weaker headline number.
Within the first 30 minutes of the news, Bitcoin rose 4.82% to $25,970.
A reduction in the spillover risk for Silicon Valley Bank (SIVB) strengthened the optimistic outlook. While providing late assistance, the White House and international leaders assured the public that they would manage the situation.
In a recent article, the New York Times reported that the U.S. Department of Agriculture (USDA) is preparing to announce a new program to help farmers. This morning, the NASDAQ mini was down 17.5 points.
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