#BTCOutlook The reason for the recent decline was what FED Chairman POWEL said on Wednesday night. Among these statements, there was an expectation of an increase in US core inflation.

The markets responded negatively to the expectation of an increase. However, the data that came today was quite positive, contrary to the statements.

US Core Personal Consumption Expenditures.

Announced: 2.8%

Expected: 2.9%

Previous: 2.8%

We see a decline on an annual basis, US stock markets showed a sharp increase after this data.

Bitcoin also kept up with these increases nicely. So, as you can see, the effects of the FED night have been overcome. We can relax until January 19, 2025.

TRUMP will also sit in his seat on January 20.

Increases are inevitable…