Analyst Announces BTC Price Prediction for Both Scenarios. Investors are waiting for the April consumer price data to be announced. The Consumer Price Index (CPI), an important indicator of inflation, is expected to show an improvement compared to March. However, if the data reveals unexpected shocks, the price of Bitcoin, the world's largest cryptocurrency, could fall as much as 13% to $53,000, according to a report by digital asset trading company Zerocap. "An unexpectedly high #CPI could trigger a media frenzy and lead to short-term declines in risk assets given current concerns about stagflation," Zerocap warned in its report on Monday. Zerocap,on the other hand, added that it could push Bitcoin back to $65,000 if data shows hopeful signs that inflation is cooling. Crypto enthusiasts are expected to examine ##ETFvsBTC data for any indication that inflation is continuing or decreasing. According to analysts, a decline in inflation could prompt the ##ETFvsBTC to lower interest rates, which could benefit riskier assets such as Bitcoin by lowering the cost of borrowing and therefore investment. Markets are expecting a rate cut in September after employment and wages in the US were lower than expected the previous month, investment giant BlackRock said in its market report on Monday.Despite short-term uncertainties, the long- term outlook for the U.S. economy remains positive, according to David Brickell, head of international distribution at #FRNT Financial, and Chris Mill, a former forex trader. "Given the emerging macro dynamic, it is not a question of if we will make new highs for Bitcoin, but when," he wrote in the "Connecting the Dots" newsletter. they wrote. $BTC $ETHFI
tech visionary, has sounded the alarm on the future of the US dollar, issuing a dire warning about its potential worthlessness amidst escalating national debt concerns.
THE ALERT: Musk's stark prediction has
reverberated across financial markets, emphasizing the looming threat of the dollar's collapse if immediate action isn't taken to address the mounting debt crisis.
URGENT CALL TO ACTION: His message
serves as a clarion call for policymakers to enact swift and decisive measures to fortify the economy against impending turmoil.WHY IT'S CRUCIAL?
1. ECONOMIC RAMIFICATIONS: The fate of the US dollar carries profound implications for global markets, international trade, and the overall economic stability of nations worldwide.
2. INVESTOR SENTIMENT: Musk's cautionary words are poised to influence market sentiment and may prompt strategic shifts in investment approaches as stakeholders assess the potential risks.
We've surpassed the 190 million user milestone!🚀🚀 It's the community that defines #Binance. Thank you for your continued trust and support in us. Any predictions on when #Binance will reach 200 million users?
"Policy needs more time, the next move will likely be a rate cut and the committee will be in wait-and-see mode until the Fed gets more clarity on inflation.
Bank of America economists expect quantitative tightening to slow down with the US Treasury's monthly redemption limit being reduced from $60 billion to $30 billion. Here are economists' comments about Powell:
"We think Powell is pleased that this year's rate cuts have been priced in significantly. "The FED will reduce interest rates this year and will probably have difficulty controlling the market."
If FED officials and chairman Jerome Powell do not make a harsh speech tomorrow night, the crypto market may recover to some extent.
Now that the BTC has moved to 65k it will stay there for some hours when all the time frame CCI (commodity channel index's) will be overbought it will face a crash again and again until it reaches 35k. It might take days maybe a month or two but it will be there. There's always market dominance by whales but it's just like a flash at the end of the day the market follows graphical analysis and according to my analysis it will go more down and I've been telling you guys to short in futures or sell in spot from the point where it was at 73k and now a lot of you guys have got your accounts liquidated or faced a huge loss so always manage your stop losses and leverages. Many people were laugh on my analysis that I'm just making foolish assumptions and I don't have any strategy or analysis but I do have graphical experience just don't show my graphs here because it will show the indicators that I've built by myself over a long period of time and I intend to keep it to myself right now you guys will think I'm selfish but it's my years of dedication and hard work so I can't do that but what I can do is give you guys signals if you guys don't want it it's fine. I'll just post it here in binance square and if some of you guys believe my signals are right you can follow me. STAY SAFE AND MANAGE YOUR RISKS. THANK YOU!!