You can feel the tension in the air! 💨 Today, the news is not just that Bitcoin is falling, but that everyone is on high alert, waiting for the verdict of the U.S. economy that could send BTC to the stratosphere or back down to earth.
Bitcoin is on a roller coaster mode. Yesterday it was flirting with $122,000 and today it plummeted to $118,652. Almost $4,000 in the blink of an eye! 📉 Why? Well, because the publication of the U.S. CPI data is coming, the famous Consumer Price Index, which tells us how inflation is doing. And, honestly, it is expected that the number will be higher than last month, which puts all markets, including crypto, on edge.
But here comes the interesting part: the analysts are totally divided. On one hand, we have the optimists who see the glass half full.
The analyst Crypto Rand says that despite the drop, this is just a pause. He sees a figure that experts call a "bull flag" and, based on that, projects that Bitcoin could soar up to $141,000.
Another, Gert Van Lagen, is even more ambitious and talks about a price of $370,000 in the long term. Can you imagine? 🚀
However, not everything is rosy. The more cautious warn of a possible drop. Van Lagen himself says that if the price drops to $94,000, his theory of $370,000 goes down the drain. And another analyst, Scient, believes that in the short term we could see a drop to $115,000.
The key point is that the expected inflation is causing chaos. Everyone is waiting to see if the CPI is just a passing scare or the beginning of a storm. So, while uncertainty reigns, prices dance to the rhythm of investors' anxiety.
So, which of these analysts should we believe? Is Bitcoin gearing up to break barriers or will inflation stop it dead in its tracks? The market is at a critical moment and what happens in the next few hours will give us a hint as to whether it’s time to celebrate or tighten our belts.$BTC
