BTC Price Analysis!!!
Yesterday BTC break 90k support and touches 89.2k after 3 months as i have predicted in my recent post, but unexpected move happened in crypto market when btc pull back and pull back strongly, Japan aquire more btc, MicroStrategy and black rock aquire more btc at that time when price dip, this dip is very perfect according to future price Analysis but pull back is unexpected, even NASADAQ droped nearly 2% and also US stock market stop at mixed points.
The U.S. dollar hit a two year high, and crude oil prices reached a five months high. This move is just in the favour of 15th Jan report otherwise BTC strongest move is unexpected. Even you should see clearly in 1 day chart that btc makes down trend.
Odaily Planet Daily reports that Russell Investment Company analyst BeiChen Lin said in a report that even if the U.S. inflation report released on Wednesday is only slightly higher than expected, it could trigger a sell-off in the bond and stock markets. The investment strategist said that last Friday's unusually strong U.S. employment report seems to have awakened people's concerns about inflation. He stated: "Although we believe that the yield of U.S. Treasury bonds is attractive at current levels, we still think investors should stick close to their long-term allocation ratios unless yields rise significantly." Economists surveyed by The Wall Street Journal expect the U.S.'s December CPI year-on-year increase to be 2.9%, higher than November's 2.7%. The survey shows that the annual core inflation rate is expected to remain unchanged at 3.3%.
So all data shows that market is going down on Wednesday according to inflation rate and unemployment report, now btc stand at 97k and due to whales purchases at low price send btc above 97k and maybe this pump correction is unexpected dip. Show prepared yourself for anything.
Thankyou and thanks for your time
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