You should have seen this 
BTC rally coming, but even if you didn't you shouldn't get too bullish just yet!
The US PPI numbers released today were lower than expected, which causedBTC to rally. However, we are not going straight to all-time highs from this alone!
Tomorrow, we have US CPI and other inflation data points coming out, which have a massive influence on the Fed's Interest Rate decisions.
Similar to what PPI did today, if tomorrow's CPI is lower than expected, we'll have a rally because
Lower inflation = lower Interest Rates =BTC goes higher!
But if CPI is greater than expected tomorrow, this suggests:
Higher inflation = higher Interest Rates =BTC goes lower.
Despite what happens this week, Donald Trump will be inaugurated on Monday, January 20th, which is bullish for $BTC!
So make sure you are allocating and building up your portfolio in anticipation!
BTC rally coming, but even if you didn't you shouldn't get too bullish just yet!The US PPI numbers released today were lower than expected, which caused
BTC to rally. However, we are not going straight to all-time highs from this alone!Tomorrow, we have US CPI and other inflation data points coming out, which have a massive influence on the Fed's Interest Rate decisions.
Similar to what PPI did today, if tomorrow's CPI is lower than expected, we'll have a rally because
Lower inflation = lower Interest Rates =
BTC goes higher!But if CPI is greater than expected tomorrow, this suggests:
Higher inflation = higher Interest Rates =
BTC goes lower.Despite what happens this week, Donald Trump will be inaugurated on Monday, January 20th, which is bullish for $BTC!
So make sure you are allocating and building up your portfolio in anticipation!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.