According to PANews, Markus Thielen, CEO of 10x Research, has made predictions about Bitcoin's performance based on the U.S. Consumer Price Index (CPI) data. Thielen shared his insights on the X platform, stating that the U.S. CPI data, which is set to be released at 20:30 Beijing time today, could significantly impact Bitcoin's value.
He suggested that if the CPI is at 3.5%, Bitcoin could see a 3% drop. Conversely, if the CPI is at 3.4%, Bitcoin could potentially rise by 1%. A CPI of 3.3% could lead to a 4% increase in Bitcoin's value, and if the CPI is at 3.2%, Bitcoin could rise by 5%.
Thielen also projected that Bitcoin could rebound to $72,000 next week. These predictions underscore the potential influence of economic indicators like the CPI on cryptocurrency markets. However, it's important to note that these are predictions and actual market performance may vary.
