CPI Data is Looming...
CPI Data will be released tomorrow. I do NOT see Bitcoin falling below 38K. If investors sell-off, I expect the NASDAQ and Bitcoin to suffer... However, if inflation goes up, why do would one sell off something as scarce as Bitcoin?
Which is why I believe Bitcoin will rally on high inflation numbers (7% or more). The dollar (DXY) is likely to see downside as well which would cause Bitcoin to rally!
NFA. DYOR.
Good Luck,
- Mr. Bitcoin Baron
Which is why I believe Bitcoin will rally on high inflation numbers (7% or more). The dollar (DXY) is likely to see downside as well which would cause Bitcoin to rally!
NFA. DYOR.
Good Luck,
- Mr. Bitcoin Baron
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.