Bitcoin Price Prediction as US Core Inflation Rate is Announced – Bullish or Bearish?
Bitcoin (BTC/USD) is currently trading at $69,615, with analysts closely watching the upcoming release of the US Core Inflation Rate. This economic indicator is pivotal for shaping market expectations and could significantly influence Bitcoin’s trajectory.
Investors are keen to understand how the inflation data will impact Federal Reserve policies, which in turn will affect the US dollar and potentially drive Bitcoin prices. This analysis explores whether the latest inflation figures will support a bullish or bearish Bitcoin price prediction.
Bitcoin (BTC/USD) is currently trading at $69,613, showing potential for further bullish momentum. In addition to these technical factors, upcoming economic data releases could significantly impact Bitcoin’s price.
