Small gain for Bitcoin at $28,653 after ranging between $28,263 and $28,679 today.
United States Core Durable Goods Orders data will be released today at 12:30 UTC, with an expected decline to -0.2%.
On the flip side, Consumer Confidence in United States fell short of market expectations (104) with a reading of 101.3, continuing the decline from the previous figure of 104.
Meanwhile, United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000. United States Building Permits released yesterday at 12:10 UTC with a figure of 1.43 million, while the previous figure was 1.55 million.
Bitcoin made an initial breakout above its 10 day Simple Moving Average at $28,471, a potential indicator of a newly emerging bullish phase. On the other hand, note that Bitcoin price action is currently oscillating around the $28,474 resistance level with prices moving above and below several times during the session.
Overall, looking at the technical analysis landscape, it seems Bitcoin might continue pointing upwards in the short term.
Other markets are also showing gains as FTX Token is up 9.54%. Polkadot is up 1.02%.
Meanwhile, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.
Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with -1.49 million. It previously stood at -4.58 million; data will be released today at 14:30 UTC.
Also worthy of note, today at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of -0.1%. United States Pending Home Sales expected to decline to 0.5% while its preceding data was 0.8%, data will be available tomorrow at 14:00 UTC.
Bitcoin has gained 67.11% since its lowest print of $15,759 earlier this year.
