Inflation data is about to be released, and Bitcoin may see a big rebound!
Brothers, big news is coming! Markus Thielen of 10x Research pointed out in his latest analysis that the inflation data released by the US Census Bureau on February 12 may become a catalyst for Bitcoin to explode!
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Key data interpretation
1. Market expectations: Most investors expect the inflation rate to be 2.9% in January.
2. Truflation Index: The US real-time inflation tracking indicator has fallen from 3.0% to 2.1%, indicating that inflationary pressures are easing rapidly.
3. Potential positive: If the CPI data unexpectedly falls to 2.7% or 2.8%, the market's expectations for the Fed's rate cut will increase significantly, and Bitcoin may see a strong rebound!
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Bitcoin target price
Short-term target: If Bitcoin rises another $10,000, the price will reach $105,491.
Historical high comparison: This price is only 3.5% lower than the historical high of $109,000 set on January 20, and it is just around the corner to break through the previous high!
The inflation data on February 12 may be the starting point of a new round of Bitcoin market. Brothers, keep an eye on the market and seize the opportunity! If the CPI data is positive, it is only a matter of time before Bitcoin breaks through the historical high!
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