Bitcoin's New ATH May Be Only Two Weeks Left! Analyst Announces the Events That Will Take BTC to ATH!
Bitcoin recently hit a new all-time high but then experienced a sharp decline. Decreased selling pressure on Bitcoin has raised bullish expectations. Markus Thielen of 10X Research predicts Bitcoin reaching a new ATH based on June inflation data and believes if CPI is 3.3% or lower, Bitcoin will hit a new high. Thielen also highlights the impact of spot ETF inflows and suggests that traders knowledgeable about Bitcoin's response to CPI data may trade accordingly. High CPI data could weaken Bitcoin's momentum. Key drivers for Bitcoin include inflation and understanding Bitcoin's reaction to CPI data.