Today the whole crypto market is discussing CPIWatch - 511K people are talking about it.

What is CPI?

CPI means Consumer Price Index. It shows how much prices have increased in the USA (inflation data).

Why is it important for BTC?

1. If CPI is HIGH: It means inflation is high. US Fed will keep interest rates high. This is bad for BTC, price can fall.

2. If CPI is LOW: It means inflation is low. Fed can cut interest rates. This is very good for BTC, price can pump hard!

Right now market volume is up +50.57% and Fear & Greed is at 49. This shows traders are ready for a big move.

So today's CPI data will decide if BTC goes to $72K or falls to $68K.

What is your prediction? Bullish or Bearis#CPIWatch #BTC #CryptoNews #BinanceSquareh?