US CPI and inflation just came in slightly lower than expected.
This is good for
BTC, but for this positive momentum to continue, we will need to see:
1. PPI tomorrow at 7:30 am ET comes in less than expected
and
2. The Fed to acknowledge inflation easing in their next Interest Rate projections on March 19th at 1 pm ET
This will set the stage forBTC to rally and reclaim the $100k+ area.
This is good for
BTC, but for this positive momentum to continue, we will need to see:1. PPI tomorrow at 7:30 am ET comes in less than expected
and
2. The Fed to acknowledge inflation easing in their next Interest Rate projections on March 19th at 1 pm ET
This will set the stage for
BTC to rally and reclaim the $100k+ area.
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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.