#BTC #SOL #MYRO #ETH
Countdown Begins: Bitcoin's New ATH Predicted in Two Weeks!
10X Research founder Markus Thielen explains the events that will take Bitcoin to a new ATH (All-Time High).
Although Bitcoin reached a new ATH in March, breaking through its previous ATH of US$69,000, it subsequently experienced a sharp decline.
This decline was influenced by selling pressure from long-term investors. However, the latest data shows that selling pressure on BTC has decreased, increasing bullish expectations.
As investors wait for BTC's new ATH in the short term, Markus Thielen, the founder of 10X Research who is known for his accurate predictions, announced an event that could take Bitcoin to a new ATH.
Thielen stated that June inflation data is very important for Bitcoin. He claims that if the CPI (Consumer Price Index) data shows a figure of 3.3 percent or lower, BTC will reach a new ATH.
Thielen also mentioned that spot Bitcoin ETF inflows remaining strong, despite US inflation data, will have a positive impact on BTC price increases. He believes spot Bitcoin ETF inflows will “remain strong” in the next two weeks before the June CPI results are announced.
According to Thielen, if the CPI data is higher than expected, Bitcoin's upward momentum could weaken.
“Bitcoin price movements may seem random to most people, but there is nothing random about BTC price movements. "Everything depends on important drivers, and the main driver for BTC is inflation," explained Thielen.
At this point, investors and traders who understand how Bitcoin reacts to CPI data should be confident in trading against the CPI change from the previous month.
“If inflation reaches 3.3 percent or lower in June, Bitcoin could reach an all-time high.”
Make sure you only invest and trade crypto on trusted platforms, such as Tokocrypto. With various powerful features and a broad ecosystem, crypto trading becomes easier.
DISCLAIMER: Every investment decision is your personal responsibility. Study and analyze before buying and selling crypto.
