| Time | Details |
|---|---|
| 2024-07-12 16:35 |
Lower CPI and Potential Rate Cuts Boost Bitcoin Sentiment
According to CryptoMichNL, the Consumer Price Index (CPI) came in lower than expected, which has increased the likelihood of rate cuts in September. This has caused the 2-year yields on Treasury bonds to fall to their lowest level since March 11th. Bitcoin, which peaked at $73K during that period, is currently trading at $58K due to recent sell-offs. (Source) |
| 2024-07-11 15:30 |
Altcoins Rally on Negative CPI Data
According to @CryptoMichNL, the recent CPI inflation data showed a negative month-over-month (M/M) change, leading to a positive reaction from altcoins. This reaction was driven by falling yields and a weakening dollar. Traders should also note that PPI data will be released tomorrow, which could further influence market movements. (Source) |
| 2024-08-13 15:00 |
Bitcoin's Critical Levels Amid Macroeconomic Data Releases
According to CryptoMichNL, this week is significant for macroeconomic data, including PPI and CPI. Bitcoin is currently exhibiting choppy behavior. From a technical analysis perspective on lower timeframes, it is crucial for Bitcoin to maintain levels above $56-57.5K. A rally from these levels could push Bitcoin towards the other side of the range, potentially reaching a new all-time high. (Source) |
| 2024-08-13 16:30 |
Market Focus Shifts to CPI Print as PPI Data Shows Inflation Cooling
According to CryptoMichNL, the Producer Price Index (PPI) data came in much softer than expected, indicating that inflation is cooling down. As a result, yields are falling. However, Bitcoin remains stagnant as the market's attention is now on the upcoming Consumer Price Index (CPI) print. (Source) |
| 2024-08-13 18:00 |
Bitcoin Faces Critical Resistance and CPI Impact
According to CryptoMichNL, Bitcoin's next move hinges on its ability to stay above $56,000. If Bitcoin surpasses the $60,000-$61,000 resistance level, it could approach its all-time high, presenting a buying opportunity for traders. Conversely, if the Consumer Price Index (CPI) data is unfavorable, a drop below $56,000 could target $48,000. (Source) |
| 2024-08-14 12:00 |
Bitcoin Poised for Breakout on CPI Day
According to @CryptoMichNL, today is significant due to the release of the Consumer Price Index (CPI) data. Bitcoin's price remains stable, and the CPI report could determine its next trend. If Bitcoin breaks through the $61,000 to $61,500 range, it could pave the way for a new all-time high. (Source) |
| 2024-08-15 13:00 |
Bitcoin Consolidation Amid Positive CPI Print
According to @CryptoMichNL, Bitcoin is currently in a consolidation phase despite a positive Consumer Price Index (CPI) print. The U.S. was moving Bitcoin, which typically leads to a temporary market downturn. However, as long as Bitcoin remains above the $56-57K range, the market outlook remains positive. (Source) |
| 2024-08-15 15:40 |
Market Volatility Expectations Fall After PPI and CPI Releases
According to Greeks.live, the release of the Producer Price Index (PPI) and Consumer Price Index (CPI) in quick succession has led to a significant reduction in market volatility expectations. This has resulted in a notable decline in implied volatilities (IVs) across all major maturities. Specifically, short-term IVs have decreased by over 20% over the past week, while mid- to long-dated IVs have also experienced a decline. (Source) |
| 2024-09-09 07:35 |
Bitcoin Faces Critical Levels Amid CPI Data Release
According to CryptoMichNL, Bitcoin has made a significant bounce, reaching the $54,800-$55,200 range. The analyst is uncertain if this upward momentum will continue in one go, especially with the upcoming Consumer Price Index (CPI) data release, which is a major market mover. He expects a potential liquidity grab that could push Bitcoin below $53,000 before any further upward movement. However, if Bitcoin breaks above $56,000, it would invalidate this bearish scenario and be considered positive. (Source) |