The CPI numbers in January will be scheduled on the next day. The CPI wedding day is expected to be slightly reduced, while the CPI CPI expects a slight occurring. Normally, Bitcoin responds with a high possibility that will enter. Announcement and after that
The market holds your breath
The United States Labor Statistics Office will release CPI numbers in January later on Wednesday. The market will hold your breath, hoping that the numbers will not be higher than expected.
CPI (consumer price index) is expected to be reduced from 0.4% to 0.3% to 0.3%, while the main CPI is expected to increase a little from 0.2% to 0.3%. Not shocked and Fed will still say that it will not hurry to reduce the rate
Although this is not the best economic environment for Bitcoin, it is likely to be creatively cut because US President Donald Trump wants them to live.
Backing – but may be lower than before
Source: Tradingview
Price $ BTC is still traveling in the wedding above other weddings. When rejected from the top of the wedding that is down, the price is now floating down to the assessment of trends (bold lines). In addition, before this, the bottom of the Bitcoin side has been followed for about 3 months at $ 92,000. But still see how strong it is
Clear macro images for $ BTC
Source: Tradingview
When looking at the technical analysis for the price of Bitcoin, it is the best thing to make things as easy as possible. Entering the weeds of all complexity can cause confusion about where the price will go.
The weekly week chart gives the image that is far enough to zoom out.
It can be seen that RSI randomly has a minimum of only a few times. Each time, the return will cause a lot of prices.
The indicator line is down to the bottom again. It may take two, three, three, or more. For the lines that are at risk of blue at the top of the red. When they do, and if they continue to proceed, the higher price momentum can increase the price of $ BTC. It’s just a matter of time
Responsibilities: This article aims to provide information only. It is not proposed or intended to be used as a tax, investment, investment, finance or other advice.
Source link