Bitcoin today stabilized at the $70,000 level and repeatedly tested the $71,000 level, with trading volume slightly increasing. Last night, another important and leading indicator of the labor market, job positions, slowed down significantly, all of which will lead to a decrease in inflation. This Friday we will receive more employment data, a weaker than expected result could lead to an interest rate cut, next week we will receive the CPI inflation report. If CPI increases on an annual basis by 3.3% or less, and if US employment or inflation declines, it will support further increase in Bitcoin's closing price, therefore it is expected that Bitcoin will rise above $73500 by the end of next week. #币圈观察员 #BTC站上$70K,很快突破历史新高?
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#BTC at $70K. Break ATH soon?
Bitcoin today stabilized at the $70,000 level and repeatedly tested the $71,000 level, with trading volume slightly increasing.
Last night, another important and leading indicator of the labor market, job positions, slowed down significantly, all of which will lead to a decrease in inflation.
This Friday we will receive more employment data, a weaker than expected result could lead to an interest rate cut, next week we will receive the CPI inflation report. If CPI increases on an annual basis by 3.3% or less, and if US employment or inflation declines, it will support further increase in Bitcoin's closing price, therefore it is expected that Bitcoin will rise above $73500 by the end of next week.
#币圈观察员 #BTC站上$70K,很快突破历史新高?