BTC prices have traded sideways for 13 days, but this could soon change. The price has been forming an inverse head-and-shoulders pattern, which will turn active on a breach to $61,880 and has a target of $67,765.
Key data that could spark a breakout today includes U.S. jobless claims, which saw a significant decline last week, easing stress in stock indices. Additionally, the U.S. flash PMIs are noteworthy, with last month's sharp drop in the manufacturing reading sending stocks lower.
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