Bitcoin's price has recovered and is now back above the $30,000 support level after a brief dip over the weekend. The cryptocurrency is currently trading at $30,500 with a market capitalization of $592 billion and a trading volume of $15 billion.

Investors are closely watching the release of the US June Consumer Price Index (CPI) and Producer Price Index (PPI) this week, as some predict a decline in inflation data.

However, technical indicators like the MACD and RSI, as well as a double-top pattern on the daily chart, suggest that Bitcoin's price may be impacted by the CPI data. No information is provided about 2023.