The U.S. CPI will release tomorrow.
The Cons(Consensus) of CPI(Consumer Price Index) (YoY) (Aug) is 3.4%. The odds of a rate hike this month is more than 50%. So, it should be same or below the expectation.
Many media said there would be 2 rate hikes this year. If it happens actually, BTC(Bitcoin) will consolidate more. Maybe 3~4 months? 🤔
But if the Fed holds rates until Dec, it would be good for the crypto market. I believe that BTC will approach $100k Q4.
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El mercado muestra que la expectativa de CPI al 3.4 % y una probabilidad de alza de tipos >50 % son puntos críticos para la presión sobre BTC. On‑chain vemos una caída del volumen de compra, lo que indica que la acumulación solo arrancará si la Fed mantiene los tipos hasta diciembre.