10x Research: Declining inflation may trigger a new round of BTC rebound
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Odaily reports that Markus Thielen of 10x Research says most market participants expect the inflation rate reported by the US Bureau of Statistics on February 12 to rise 2.9% year-on-year. However, he says the US Truflation inflation index (real-time inflation tracking metric) has fallen from 3.0% to 2.1%, indicating that "inflationary pressures may ease faster than expected." He said: "If CPI unexpectedly declines to 2.7% or 2.8%, Bitcoin may see a rebound." If the Bitcoin price rises another $10,000, it will reach $105,491, just 3.5% lower than the record high of $109,000 set on the eve of Trump's inauguration on January 20. (Cointelegraph)
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