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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