BTC at $25,000 or $15,000 — CPI and US Inflation Data Released Thursday: See The Market Report
In this week’s episode of Market Report, Cointelegraph’s resident expert discusses the new CPI data and U.S. inflation that will be released on Thursday, October 13th.
In this week’s Market Report Show, Cointelegraph’s resident experts discuss whether the new Consumer Price Index (CPI) and US inflation data are bullish or bearish for Bitcoin (BTC).
First, we analyze the latest news in the market this week.
RELATED: Biggest Mining Difficulty Surge in 14 Months — 5 Things You Need to Know About Bitcoin This Week
While macro forces are on the rise, Bitcoin network fundamentals are defying the bears. Bitcoin’s price has been relatively calm and boring over the past few days, but there are some signs that a big rise or fall is imminent. We also discuss whether it’s finally time for the Bitcoin price to bottom out.
RELATED: Bitcoin price poised for ‘very big move’ as CPI due to volatility spark
One analyst claims that BTC price action may remain calm until Oct. 12 as historical volatility indicators output a rare warning signal. In a week tipped to provide some serious fuel for a potential volatility breakout, Michael van de Poppe, founder and CEO of trading firm Eight, said traders had seen another 48 We’ll take a look at the insights he has to offer regarding the current market conditions.
Our experts cover these and other developing stories, so stay up to date with the crypto world.
Next up is a segment called ‘Quick Crypto Tips’, which aims to give newcomers to the cryptocurrency industry quick and easy tips to get the most out of their experience. Tip of the Week: What are Support and Resistance Levels?
Finally, we have an insight from Cointelegraph Markets Pro, a platform for crypto traders who want to stay ahead of the market. Our analyst used Cointelegraph His Market Pro to identify two of his altcoins that caught our attention this week: his PNG on Pangolin and his EPS on Ellipsis.
Have questions about a coin or topic not listed here? Don’t worry. Join our YouTube chat room and post your questions there. The person with the most interesting comments and questions will be awarded her one-month subscription to Cointelegraph Markets Pro.
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BTC at $25,000 or $15,000 — CPI and US Inflation Data Released Thursday: See The Market Report
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