Today’s CPI Will Decide Which Way Bitcoin’s Coiled Spring Will Launch .
Just a Slightly Lower CPI Than Expected Could Be Enough to Unleash Bitcoin’s Coiled Spring, Sending It Exploding Upwards .
If CPI Comes in as Expected, the Market Is Unlikely to Show Any Surprises and Will Probably Repeat Its Usual Pattern . However , We Shouldn’t Expect an Early and Clean Break of the $123,000 Resistance Level .
If Inflation Prints Higher Than Expected, We May Need to Shift Our Medium-Term Outlook, as the Multi-Month Bull Run Could Come to a Halt
Suggestion: Given the Drop in Bitcoin Dominance Alongside Its Price Increase, If Any Altcoin Fits Your Strategy for Entry, Consider Opening a Position With a Proper Stop Before the CPI Announcement.
Disclaimer: The information provided reflects my personal analysis and opinion only. It should not be considered financial advice. Always conduct your own research before making any investment decisions.
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Disclaimer
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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.