I observed that the cryptocurrency market is a kind of green at the moment, but as a beginner, I still find it difficult to tell when the market is actually bullish. I will appreciate any advice from fellow community members concerning this current situation because I'm considering to buy some coins but finding it difficult to decide on which coin to give a trail.
Just a kind advice, the risk is mine.
The current Bitcoin market appears to be in a period of low activity , with declining trading volumes as trading volumes & market participants are taking wait-and-see approach ahead of tomorrow's Consumer price index (CPI). The current price of Bitcoin is around $21,535. If data released tomorrow meets market expectation and comes in below 6.2%, it could potentially push the price back up to above $23,000, on the other hand, if data released doesn't meet market expectation, it may fall to its next weekly support level at $20,300.