Is the coding bottom? Bitcoin climbs to 98 thousand dollars, despite the printing of the hot consumer price index
The largest impressive elastic encoding assets appear despite the hot CPI printing.
While the main American stock indicators, including the S&P 500 and Dow Jones closed on Wednesday in red, the price of bitcoin increased by almost 2 % over the past 24 hours.
After declining to 94200 dollars after the CPI version in January, BTC is trading at $ 98,000 at the time of the press.
Some analysts look at Bitcoin as a sign that the encryption bottom can be in it. However, the assets still face the main resistance levels because the total economy view remains very mysterious.
Some smart money investors already turn against more negative fluctuations, and they turn into low clouds with minimal association with the broader market.
Hot Cpi Print Clouds Bitcoin Bullish Outlook
The US consumer price index for January was more hot than expected. Address data increased by 3.0 % annually, higher than the number 2.9 % expected. Meanwhile, the basic consumer price index – which excludes food and energy prices – exceeds 3.3 %, which is higher than 3.1 % consensus.
The main consumer price index increased for four consecutive months, and moved away from the Federal Reserve goal by 2 %.
Given the hot CPI print, the Bitcoin price fell to 94200 dollars, as long -term treasury returns and the US dollar showed strength.
Drug inflation data indicates that the escalating trade war, Donald Trump, can affect the Taurus Market. After the consumer price index today, interest rate traders have already registered the Federal Reserve Price’s expenses from September to December.
However, the price of bitcoin shows impressive elasticity, as it returned to $ 98,000 at the time of the press. Experts note that the largest encrypted currency has now escaped from Deepseek Fud, Trump’s commercial war, geopolitical tensions, and the printing of the bad consumer price index without less than $ 90,000.
US President Donald Trump again called on the Federal Reserve to reduce interest rates, which may pave the way for a large -scale coding gathering. However, it remains unlikely to comply with the Federal Reserve Chairman Jerome Powell.
Is the bottom of the encryption and bitcoin?
The last five consumer price index versions were distinguished by the local Bitcoin located every time. Can a release on Wednesday make it six in a row?
Permanent analysts exercise caution. The consumer price index data was largely in line with market expectations on previous occasions.
More importantly, Bitcoin’s prices to $ 98,000 can be the dead killer. Experts suggest that the initial market reaction to the main total economy data usually reflects real feelings, while the subsequent opposite step is often a trap for the late long and short pants.
For example, the weekly RSI BTC is Show Signs of a declining difference.
Bitcoin may see another correction and test the support level 91.2 thousand dollars.
Smart money investors are surrounded by stablecoins, low clouds
Many smart money investors have converted their focus into low -term low -term coding assets, bearing in mind that they show a little bond with the wider market expectations.
For example, a new Mimi currency, BTC Bull (BTCBLL)I raised more than a million dollars in ICO in more than one day.
As the name suggests, the BTCBULL is a bitcoin-prickly-MITC coin in the long run and the demolition of the Meme currency has led to a strong demand.
The project was built on the principle that BTC is less than its value at its current price and will reach $ 250,000 in this bull session and 1 million dollars and beyond the next day. Meme simply provides an alternative source of income to take advantage of the Bitcoin march forward.
BTC Bull Bitcoin will receive free when the BTC Price Milestones price. Moreover, they will also benefit from the BTCBULL TOKEN BURN and AirroProps events.
Looking at her free bitcoin promise, it is not surprising that experts will call BTC Bull for the next 100x encryption.
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