"US CPI Release Expected to Increase Cryptocurrency Market Volatility"

Son Min

Summary

It was reported that the volatility of Bitcoin is expected to increase following the US Consumer Price Index release.
It was stated that a CPI figure higher than Wall Street's forecast is predicted, which could cause the market to fluctuate.
Bitcoin is currently at the $95,000 level and could fall to $92,000 for liquidity before rebounding.

There is an expectation that the volatility of Bitcoin (BTC) may increase following the release of the US Consumer Price Index (CPI).

On the 12th (local time), Negentropic, a co-account of the founders of Glassnode, stated on X, "The US January CPI, which will be released today, will bring volatility to the market," and added, "A figure higher than Wall Street's forecast (2.9%) is expected, but if a different result emerges, the market will be shaken."

Furthermore, they noted, "Bitcoin is at the $95,000 level, but it could fall to as low as $92,000 for liquidity," and added, "Afterwards, a bullish reversal could occur, raising it to $97,000 to $98,500."

Meanwhile, the US January CPI will be announced today at 10:30 PM.

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