CPI Wednesday: three scenarios for Bitcoin (around $83,800)
Annual inflation is expected to come in near 3.7%. The Fed raised rates in September, its first hike since 2023. This CPI report is the last before its October 28 meeting.
→ Above 3.7%: fears of another rate hike could weigh on risk assets
→ Around 3.7%: the market will probably stay within its current range
→ Below 3.7%: inflows could return, after around $679 M$ in outflows from Bitcoin ETFs over five sessions
These are scenarios, not forecasts.
This is not investment advice.
Which scenario are you betting on: above, in line, or below?#BitcoinReclaims$84K
Annual inflation is expected to come in near 3.7%. The Fed raised rates in September, its first hike since 2023. This CPI report is the last before its October 28 meeting.
→ Above 3.7%: fears of another rate hike could weigh on risk assets
→ Around 3.7%: the market will probably stay within its current range
→ Below 3.7%: inflows could return, after around $679 M$ in outflows from Bitcoin ETFs over five sessions
These are scenarios, not forecasts.
This is not investment advice.
Which scenario are you betting on: above, in line, or below?#BitcoinReclaims$84K