Bitcoin weakened and approached the $64 000 level on the eve of the July US inflation report, scheduled for Wednesday.

According to The Block, analysts disagree on the direction of further movement: the current pause could end in either a rise or a pullback. Details of the underlying forecasts in the available material are not provided.

For the market, the CPI report itself will be the nearest guide. However, the information presented does not contain the inflation reading, Bitcoin’s reaction after the release, or corroboration from other sources.