How Will Bitcoin React to CPI Data: What Does Inflation News Mean For FOMC Bitcoin Play?

Bitcoin inflation news affects, with the speed of BTC price slightly lower than $ 110,000, trading at 109,480 dollars shortly after punching in that resistance earlier in the week. Crypting dealers are now looking to issue a consumer price index on June 11, a possible spark or a wet blanket, depending on how the numbers fall.

Meanwhile, it is very likely that the product price index will lead to the market tank as well; The PMI and manufacturing price manufacturing reporting report is unreasonable.

The federal reserve will most likely wait for the cut rates. As long as there is a tariff, no deals, the deadline has not ended, everything is not related. The first pieces will be in September, at all.

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Inflation news: Bitcoin feelings reach the greedy area

Even with no hope for price cuts, market morale increases, as traders expect another potential gathering to the highest level ever. However, Bitcoin’s entry into the alleged “greed” area links the alarm bells to some analysts. Historically, this level of feeling indicated that there is a market that is close to its peak, and it is often a retreat.

“A strong bitcoin momentum, but the greed area requires caution. It can precede excessive optimism, correction,” Note one market analyst.

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99Bitcoin analysts make a monthly increase by 0.2 %, which would determine the annual price of 2.5 % of 2.3 % in April. The hottest inflation readings can precede Bitcoin, which may pull it towards the subsidy area of ​​$ 108,000, as cautious investors re -evaluate the risks.

On the contrary, the inflation that comes more softening of expectations can provide a lifeline to the emerging bitcoin momentum. For example, an annual average of 2.1 % may be, it is a catalyst that turns homosexuality and a path of more than $ 110,000, and perhaps on the way to breaking the previous highlands about $ 112,500.

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Buying optimistic fuel institutions

The strategy, previously known as Microstrategy, decreased by more than $ 110 million to raise 1045 BTC, which led to a clear message about the place where institutional confidence lies.

Meanwhile, the broader market monitors a cautious range on geopolitical uncertainty. The American -Chinese trade tensions have crept into focus, as Treasury Secretary Scott Payet meets with the Deputy Prime Minister in China on the rules of exporting semiconductors. The results of this high -risk chess match can exceed more than both countries, with possible shocks for global markets.

Where do Bitcoin go from here after inflation news?

Where are we? At its current levels, Bitcoin finds itself at a crossroads. With technical indicators that prefer buyers, but extensive external factors, the following scenarios can be revealed based on the results of the consumer price index report:

  • Negative CPI surprise: The higher inflation can lead to a decrease to 108,000 dollars or less, which increases the homosexuality.
  • Surprise the positive consumer price index: The most enlarged inflation may increase the bullish momentum, which causes Bitcoin to between $ 110,000, targeting $ 111,980.

Currently, Bitcoin and investors maintain their breath, pending the critical consumer price index data. By supporting institutional lending and bitcoin standing as inflation, it can increase this week, this week can pave the next big step in the encrypted currency market.

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Main meals

  • Bitcoin inflation news, with BTC speed, affects just less than $ 110,000, trading at $ 109,480

  • The bulls dollar is stuck. Bitcoin does not fly completely, but it is detained.

The post, how will Bitcoin interact with consumer price index data: What does inflation news mean to play Bitco FOMC? First appeared on 99bitcoins.

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