BTCUSD

The leading cryptocurrency Bitcoin starts the week above the pivot level of $11,035.48, monitoring the risk appetite in global markets. Although there are no direct data for crypto assets this week, U.S. inflation data and decisions from major central banks will indirectly be the most significant factors. A downward trend in inflation and dovish messages from central banks could increase the risk appetite in the markets, leading capital to flow into alternative assets like Bitcoin. In this positive atmosphere, it is expected that Bitcoin will break the resistance at $11,127.38 and initiate an upward trend towards $11,232.19 and then $11,295.32. However, a "flight to safety" mode triggered by high inflation and hawkish central bank statements could cause capital to shift towards safe havens. In this negative scenario, selling pressure on Bitcoin will increase, and it is likely that the price will correct towards the support levels of $10,962.28 and $10,895.04.