$BTC Yesterday BTC broke the 90,000 support and reached 89.2k after 3 months as I predicted in my recent article, but an unexpected move happened in the cryptocurrency market when BTC pulled back and pulled back sharply, Japan acquired more BTC, MicroStrategy and Black Rock acquired more BTC at that time when the price dropped, this drop is very perfect according to future price analysis, but the pullback is unexpected, even NASADAQ dropped almost 2% and the US stock market also stopped at mixed points.
The US dollar hit a two-year high and crude oil prices hit a five-month high. This move is just in favor of the January 15 report, otherwise the strongest move of BTC is unexpected. Even you should clearly see on the 1-day chart that BTC is in a downtrend.
According to Odaily Planet Daily, Russell Investment Company analyst BeiChen Lin said that although Wednesday's U.S. inflation report came in only slightly above expectations, it could trigger a selloff in bond and stock markets. The investment strategist said Friday's unusually strong U.S. jobs report appears to have rekindled people's concerns about inflation. He said, "While we believe U.S. Treasury yields are attractive at current levels, we still believe investors should stay close to their long-term allocation ratios unless yields rise significantly." Economists surveyed by The Wall Street Journal expect the U.S. CPI to rise 2.9% year-on-year in December, higher than November's 2.7%. The survey shows that the annual core inflation rate is expected to remain unchanged at 3.3%.
