Economy Slows, Bitcoin Hits $30K for the First Time Since June 2022 Ahead of Key Inflation Data. How High Can the Bitcoin Price Go Before a Pullback?

Word of the day: enjoy this pump before the release of crucial economic data starting tomorrow.

After several days of the Bitcoin price moving sideways in a narrowing range between $27.8K and $28.2K over the weekend, we finally had a breakout.

This breakout was finally to the upside, but as I told you in my previous BTC Price Update, it could very well have been to the downside, especially toward the $25.2K support.

It was a 50-50 situation that was…