Bitcoin price eyes $22K as US PMI data hits lowest since May 2020
BTC price bounces and the U.S. dollar falls from fresh twenty-year highs as PMI numbers reignite talk of recession. Bitcoin (BTC) headed for multi-day highs after the Aug. 23 Wall Street open as United States economic data tripped up the dollar.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar suffers as data shows incomes "squeezed"Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it eyed $21,700 at the time of writing, near resistance in place since last week’s near-12% drop.The pair gained momentum as the U.S. Purchasing Managers Index (PMI) prints....
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