Bitcoin and cryptocurrencies show signs of recovery before the release of the US inflation report. The report affects expectations for interest rate hikes or cuts from the Fed, which directly impacts the performance of high-risk assets such as cryptocurrencies. A decline in inflation may weaken momentum in the cryptocurrency market, as investors might expect the Fed to lower interest rates later, temporarily reducing demand for high-risk assets. Conversely, a rise in inflation could ignite investors' appetite for hedging, driving them towards Bitcoin $BTC as an alternative asset against the erosion of purchasing power.
Comparison of Ethereum's price movement in the 2016-2017 cycle and the 2024-2025 cycle, where the similarity suggests that the price moves in a sideways range followed by a circular bottom, which is a technical pattern hinting at a potential strong rise ahead as seen previously, indicating that the current period may be a smart entry opportunity before the start of a new upward wave $ETH
#BitcoinBounceBack
#MarketRebound
#ConsumerConfidence
Comparison of Ethereum's price movement in the 2016-2017 cycle and the 2024-2025 cycle, where the similarity suggests that the price moves in a sideways range followed by a circular bottom, which is a technical pattern hinting at a potential strong rise ahead as seen previously, indicating that the current period may be a smart entry opportunity before the start of a new upward wave $ETH
#BitcoinBounceBack
#MarketRebound
#ConsumerConfidence