Who's afraid of this week's big bad BTC death cross?
. Flagging $21,839 as the point of interest, he said that a weekly close below this would “confirm the breakdown” in BTC/USD, a move which ultimately came true.BTC/USD annotated chart. Source: Rekt Capital/ TwitterThe macro landscape is set to be dominated by one data point in particular this week with the Feb. 14 release of the U.S. Consumer Price Index for January.
The extent to which CPI plays a role in policy adjustments at the Federal Reserve is also a topic of debate at present, after Chair Jerome Powellthat another metric may be the “most important” tool for inflation monitoring late last year. “While many Bitcoin investors have noted that BTC typically bottoms roughly ~400 days after the bull market peak, this chart suggests that this time is different,” he wrote.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Price Unbelievably Correlated to This Stock for YearsTop analyst and trader Caleb Franzen unveils one NASDAQ-listed stock that never lost its correlation to Bitcoin (BTC) price
Read more »
Pro-Ripple Lawyer: Bitcoin (BTC) Will Not Be Security Even if Satoshi Had Sold ItXRP lawyer says Bitcoin (BTC) will never be security, regardless of Satoshi's actions BTC $BTC ETH $XRP $ETH
Read more »
Bitcoin price eyes $22K rebound with BTC market structure 'not yet broken'Bitcoin attempts to reclaim $22,000 as analysts stay neutral on BTC price action.
Read more »
'Rich Dad Poor Dad' Author Alerts Bitcoin (BTC) Crash on Valentine's DayRobert Kiyosaki, author of bestselling business literature 'Rich Dad Poor Dad,' expects massacre in financial markets on Feb. 14
Read more »
Bitcoin (BTC) Price Analysis for February 12Can BTC return to $22,000 next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser Rager
Read more »
Bitcoin (BTC) Price Forms Unique PatternBitcoin (BTC) has formed a unique pattern, a development that is drawing attention from both seasoned investors and those who are new to the digital asset space
Read more »