CPI numbers are scheduled to appear in January later on Wednesday. The consumer price index is expected to decrease slightly, while Core Core CPI is expected to reach a little top. Bitcoin will usually interact with high fluctuations in the advertisement, and also after that.
The market carries its breath
The American Labor Statistics Office will issue the consumer price index for the month of January later on Wednesday. The market may keep its breath, hoping that the numbers are not higher than those you expect.
The consumer price index (consumer price index) is expected to decrease from 0.4 % to 0.3 %, while the price of the basic consumer price index is expected to increase slightly from 0.2 % to 0.3 %. If these numbers appear as an expectation, the market will not be shocked, and the Federal Reserve Bank may continue to say that it will not be in a hurry to make price cuts.
Although this is not the best economic environment for Bitcoin, it is likely that prices will be reduced in the end, given that US President Donald Trump wants them to go down to strengthen the economy.
Next apostasy – but perhaps less first
Source: TradingView
The price of BTC $ continues to pass in another wedge wedge. After rejecting it from the top of the current countdown, the price floats towards the rising trend line (the dark line). If the price reaches the upward trend line, it is likely to bounce from there. Also, before it comes to this, the bottom of the Sideways group, which Bitcoin has followed about 3 months ago, is $ 92,000. The apostasy is likely to be coming, but it remains to see how strong it is.
Perfect macro image for $ BTC
Source: TradingView
When considering the technical analysis of the Bitcoin price, it is best to keep things as simple as possible. Entering weeds for all different complications can sometimes be of confusion about where the price may go.
The above graph above gives a sufficient degree to enlarge it to see how this current bull market has evolved, and where the next step may take the BTC price $.
We can see that the random power indicator has just decreased a few times. Each time, the renovation from the price is significant.
The indicator lines drop down again. It may take two, three or more weeks until these lines rise again with blue over the red color. When they do it, and if they continue at the top, the resulting momentum can raise the price of $ BTC to much further. It is just a matter of time.
Relationship: This article is provided for media purposes only. It is not provided or intended to be used as a law, taxes, investment, financial or other advice.
Source: https://cryptodaily.co.uk/2025/02/bitcoin-btc- Market-reacts-to-us-l