Hot CPI Print & 5 Weeks in Red: Is Bitcoin Nearing the Bottom?
The crypto market is facing a double whammy this week: October's US headline CPI came in hotter than expected at 0.4%, driving market expectations of a December rate hike closer to reality.
Coupled with Bitcoin ($BTC) logging its fifth consecutive weekly loss and retesting key support levels near $73K–$75K, volatility is at an all-time high.
Are you viewing this heavy pullback and macroeconomic pressure as a major accumulation opportunity, or are you staying in stablecoins until the dust settles?
Let’s discuss below!
$ETH $BNB $SOL
#HotCPIDecemberHikePriced #BitcoinFiveWeeklyLosses #CryptoNews #BinanceSquare #Write2Earn
The crypto market is facing a double whammy this week: October's US headline CPI came in hotter than expected at 0.4%, driving market expectations of a December rate hike closer to reality.
Coupled with Bitcoin ($BTC) logging its fifth consecutive weekly loss and retesting key support levels near $73K–$75K, volatility is at an all-time high.
Are you viewing this heavy pullback and macroeconomic pressure as a major accumulation opportunity, or are you staying in stablecoins until the dust settles?
Let’s discuss below!
$ETH $BNB $SOL
#HotCPIDecemberHikePriced #BitcoinFiveWeeklyLosses #CryptoNews #BinanceSquare #Write2Earn
