⏰ BITCOIN AT 74K AWAITING INFLATION DATA
👀 Today at 10:30 Argentina time (13:30 UTC), the October CPI report comes out in the U.S.
📊 A monthly increase of 0.3% is expected. In September, it was 0.6%.
🏦 This morning, CME FedWatch showed nearly an 84% probability of a rate hike in December.
🟢 If the figure comes in below expectations, $BTC could get some breathing room.
🔴 If it comes in above expectations, it could strengthen bets on a rate hike and put more pressure on BTC.
😨 Bitcoin is coming off 5 straight weeks in the red, and Binance's Fear and Greed Index is at 27.
💬 Do you expect it to come in above or below 0.3%?
#CPITestsDecemberRateOutlook #BitcoinFiveWeeklyLosses #cpi #BTC #Fed
👀 Today at 10:30 Argentina time (13:30 UTC), the October CPI report comes out in the U.S.
📊 A monthly increase of 0.3% is expected. In September, it was 0.6%.
🏦 This morning, CME FedWatch showed nearly an 84% probability of a rate hike in December.
🟢 If the figure comes in below expectations, $BTC could get some breathing room.
🔴 If it comes in above expectations, it could strengthen bets on a rate hike and put more pressure on BTC.
😨 Bitcoin is coming off 5 straight weeks in the red, and Binance's Fear and Greed Index is at 27.
💬 Do you expect it to come in above or below 0.3%?
#CPITestsDecemberRateOutlook #BitcoinFiveWeeklyLosses #cpi #BTC #Fed
