Bitcoin May Break a New Price Record with a 0.1 Percent Surprise Next Week

According to the cryptocurrency analyst, the Bitcoin (BTC) price may break a record according to data from the USA.

10x Research Research Manager Markus Thielen expects a new price record to be broken in Bitcoin.

Bitcoin, which broke a record in March by exceeding $ 73,000 and then declined, regained its strength and rose above $ 71,000.

Data was below expectations

“Last night the number of job vacancies, another critical and forward-looking indicator of employment, showed a significant decline,” said a 10x Research researcher.

According to the statement of the US Department of Labor, the number of open job data was below expectations in April. While the market expected 8.37 million job openings, the announced number was 8.06 million.

According to Thielen, this may be the first of the indicators that will "lead to lower inflation."

Could take the price to a record

According to data released on May 15, consumer prices in the United States rose less than the market expected in April. Consumer Price Index (CPI), which was announced as 3.5% in March, decreased by 0.1% to 3.4% in April.

According to researcher 10x Research, the decline in CPI could be bullish for Bitcoin. Thielen:

“An even weaker surprise than this could bring interest rate cuts back on the agenda and we will see the CPI inflation report next week. If the CPI is 3.3% or below, it could push Bitcoin to a new all-time high.”

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