Next week could prove to be an important point for the market as CPI is supposed to reveal its final figures before the next interest rate meeting.
What do we have to look forward to? ๐
๐ Monday โ U.S. Labor Day
Closed market day.
๐ Tuesday โ Oracle earnings
The big question for the markets is whether the significant AI spending pays off.
๐ Wednesday โ China CPI & PPI
Expect the Chinese CPI and PPI to be released.
๐ Thursday
At 8:30 PM, the PPI figures from the U.S. is expected.
๐ Friday
At 8:30 PM, August CPI is expected to be released. This is going to be the last CPI release before the interest rate meeting.
๐ฎ My prediction is that core CPI will contract from 2.5% to about 2.4%, repeating the trend of falling inflation and leading to lower risks of interest rate hikes.
If CPI stays below 3.5% then Bitcoin can easily go to $80,000, while gold, silver, and oil will have a greater journey ahead.
If it breaks 3.6%...
Get ready for potential volatility.
In addition to that, it is worth noting that the Fed will enter the blackout period with no speeches until the meeting.
Thus, it will be left up to the figures to speak for themselves.
Next week could set the tone for the entire market. ๐
#BTC #Bitcoin #CPI #Crypto #Inflation
$BTC
$ETH
$BNB
What do we have to look forward to? ๐
๐ Monday โ U.S. Labor Day
Closed market day.
๐ Tuesday โ Oracle earnings
The big question for the markets is whether the significant AI spending pays off.
๐ Wednesday โ China CPI & PPI
Expect the Chinese CPI and PPI to be released.
๐ Thursday
At 8:30 PM, the PPI figures from the U.S. is expected.
๐ Friday
At 8:30 PM, August CPI is expected to be released. This is going to be the last CPI release before the interest rate meeting.
๐ฎ My prediction is that core CPI will contract from 2.5% to about 2.4%, repeating the trend of falling inflation and leading to lower risks of interest rate hikes.
If CPI stays below 3.5% then Bitcoin can easily go to $80,000, while gold, silver, and oil will have a greater journey ahead.
If it breaks 3.6%...
Get ready for potential volatility.
In addition to that, it is worth noting that the Fed will enter the blackout period with no speeches until the meeting.
Thus, it will be left up to the figures to speak for themselves.
Next week could set the tone for the entire market. ๐
#BTC #Bitcoin #CPI #Crypto #Inflation
$BTC
$ETH
$BNB
