#BTCUSDT
Have you heard about the increased inflation rate?
▫️Inflation in the United States reached 9.1% in annual terms, which indicates a number of negative consequences for the cryptocurrency market. First of all, this indicates the continuation of an aggressive monetary policy and an increase in the key rate by 75 basis points at the next Fed meeting. Bitcoin reacted to this news with a restrained downward movement, but managed to hold the $19,000 milestone.
▫️A reference to the previous signal, Bitcoin defended the key $19,000 support level and then showed a recovery movement to the $20,000 mark. At the same time, the asset formed a bullish engulfing pattern, which is a positive signal and may indicate a further rebound to the $22,000 level
Should we expect a further fall? I think yes, if the price fails to break through the level above $22,000, then there will probably be a strong downward movement to the $15,000 zone.
Have you heard about the increased inflation rate?
▫️Inflation in the United States reached 9.1% in annual terms, which indicates a number of negative consequences for the cryptocurrency market. First of all, this indicates the continuation of an aggressive monetary policy and an increase in the key rate by 75 basis points at the next Fed meeting. Bitcoin reacted to this news with a restrained downward movement, but managed to hold the $19,000 milestone.
▫️A reference to the previous signal, Bitcoin defended the key $19,000 support level and then showed a recovery movement to the $20,000 mark. At the same time, the asset formed a bullish engulfing pattern, which is a positive signal and may indicate a further rebound to the $22,000 level
Should we expect a further fall? I think yes, if the price fails to break through the level above $22,000, then there will probably be a strong downward movement to the $15,000 zone.
RU TELEGRAM:t.me/+nJU6W2gATIZlZjky
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ENG TELEGRAM t.me/+IZnb41tUTyc5MDhi
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.
RU TELEGRAM:t.me/+nJU6W2gATIZlZjky
ENG TELEGRAM t.me/+IZnb41tUTyc5MDhi
ENG TELEGRAM t.me/+IZnb41tUTyc5MDhi
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.