Analysts Warn: Bitcoin Price May Collapse Due to US-China Tensions and Upcoming Inflation Data
Reasons for Concern:
• Tense talks between Washington and Beijing raise fears of an economic escalation that could weaken risk appetite.
• The Consumer Price Index (CPI) and Producer Price Index (PPI) report this week may determine the trajectory of monetary policy.
• Recent unsustainable rise may face technical resistance near $106K.
Expectations:
• If inflation data comes in higher than expected, the market may experience a sharp correction.
• However, institutional support may mitigate the decline.
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