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On May 10th, the Bureau of Labor Statistics released CPI data which detailed a 0.1% drop in United States Dollar inflation. This sub-par CPI data release has led many to question whether a continued trend of dropping CPI is likely considering a multitude of geopolitical and economic factors. In this episode of Climate of Crypto I detail why I believe that Bitcoin is going to drop HARD within the next 2 weeks resulting from this uncertainty. Let’s go ahead and DIVE right on into it!
#bitcoin #fedratehike #bitcoinpriceprediction
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Citations:
* https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
* https://www.federalreserve.gov/monetarypolicy/files/monetary20230322a1.pdf
* https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
* https://www.coinglass.com/LiquidationData
I am not a financial adviser; this is not financial advice. I strongly encourage all to do their own research before doing anything with their money. All investments/trades/buys/sells etc. should be made at your own risk with your own capital.
date : 2023-05-13 14:00:23
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