🔰 Bitcoin Stands Strong Against US Inflation Data! However, Analysts Warned Investors About the Drop Before Halving! 🔰

⭕ Bitcoin, which exceeded $ 50,000 on Monday with the rise that started last week, experienced a moderate decline after the US inflation data announced yesterday.

➡ BTC, which fell to $ 48,300 in this decline, recovered again and rose to $ 49,000.

While Bitcoin showed impressive resistance despite inflation being above expectations, inflation above expectations reduced expectations for an early interest rate cut.

At this point, analysts evaluated its strong stance against US inflation data. 📛

“Bitcoin showed impressive resilience despite the overnight deterioration in risk sentiment and did not fall much.

However, my analysis based on some technical indicators on the Bitcoin chart points to the possibility of a temporary drop to $30,000 levels.

So there is a possibility that Bitcoin will correct 10% from current levels and fall below $40,000.”

Apart from Tony Sycamore, Caroline Mauron, co-founder of Orbit Markets, also evaluated the current situation of BTC.

Stating that this strength in Bitcoin was supported by ETF approvals, stable ETF entries and the halving event in April, Mauron underlined that the halving event, which will reduce the Bitcoin supply, has historically been an important catalyst for the rise in prices. ↗↗✔

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