Will Bitcoin (BTC) Price Drop More This Week? Here’s What To Expect

The post Will Bitcoin (BTC) Price Drop More This Week? Here’s What To Expect appeared first on Coinpedia Fintech News

Last week, major cryptocurrencies were on a rollercoaster ride as a wave of news sent shockwaves through the market. Investors are scrambling to make sense of it all from the early week’s U.S. CPI and PPI data, negative inflow in spot ETFs, and Bitcoin miner capitulation. One key question is on everyone’s mind: has Bitcoin begun a prolonged correction, or is this just a temporary bump on the road? 

Analyst Ted (@tedtalksmacro) provides insights into the key elements influencing Bitcoin’s outlook.

1/ Critical Week Ahead for Bitcoin: Disinflation Continues

Implied weekly ranges:
BTC – $65.1k – $74.1k USD
ETH – $3,388 – $4,025 USD

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