Hi lads. So i have talking about a bullish scenario about bitcoin since last week. as you saw, the price jumped from 18.5k to 22.8k.
Today we had CPI monthly update, the released monthly CPI rate was 8.3%. while the expectation was 8.1%. which means 0.2% higher than expected. So because of that the whole market crashed.
SPX500, NASDAQ AND ALSO BTC started dumping after the release date.
So, what about now ?? what will happen to bitcoin ?
I think the whole scenario is bullish still. I think as soon as this correction ends, we will go higher and bitcoin will rise again. Also i think the current correction could end some where at 19.6k - 20.2k levels. and after that we can go higher in multiple waves.
I will update this scenario. So dont forget to follow me and also like this idea.
cheers
Today we had CPI monthly update, the released monthly CPI rate was 8.3%. while the expectation was 8.1%. which means 0.2% higher than expected. So because of that the whole market crashed.
SPX500, NASDAQ AND ALSO BTC started dumping after the release date.
So, what about now ?? what will happen to bitcoin ?
I think the whole scenario is bullish still. I think as soon as this correction ends, we will go higher and bitcoin will rise again. Also i think the current correction could end some where at 19.6k - 20.2k levels. and after that we can go higher in multiple waves.
I will update this scenario. So dont forget to follow me and also like this idea.
cheers