🚨 BTC Price Analysis & Predictions 🚨
Yesterday, BTC broke the $90k support, touching $89.2k, marking a three-month low. This movement aligned with our previous predictions, but what followed was a surprising strong rebound. The recovery was fueled by strategic acquisitions from Japan, MicroStrategy, and BlackRock, who capitalized on the dip to accumulate more BTC.
Meanwhile, global markets faced turbulence:
The NASDAQ dropped 2%, and U.S. stock indices closed mixed.
The U.S. dollar surged to a two-year high, while crude oil hit a five-month high.
Despite these macroeconomic pressures, BTC’s pullback caught many off guard. A glance at the daily chart reveals a downtrend in play, yet whale activity is driving unpredictable corrections.
Key Macro Insights
Russell Investment’s BeiChen Lin suggests even a slightly higher U.S. inflation report on Wednesday could trigger a sell-off in bonds and stocks.
Economists anticipate December’s CPI year-on-year increase to hit 2.9%, up from November’s 2.7%, while core inflation is expected to stay at 3.3%.
Friday’s strong U.S. employment data has reignited inflation concerns, potentially shaking markets further.
BTC’s Current Standpoint
BTC currently trades above $97k, propelled by whale purchases during the dip. This upward correction, though unexpected, signals heightened volatility ahead. Prepare for market swings as macroeconomic reports unfold.
Will BTC hold this level or test new lows? Stay updated, and don’t miss the next big move!
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