. Flagging $21,839 as the point of interest, he said that a weekly close below this would “confirm the breakdown” in BTC/USD, a move which ultimately came true.BTC/USD annotated chart. Source: Rekt Capital/ TwitterThe macro landscape is set to be dominated by one data point in particular this week with the Feb. 14 release of the U.S. Consumer Price Index for January.
The extent to which CPI plays a role in policy adjustments at the Federal Reserve is also a topic of debate at present, after Chair Jerome Powellthat another metric may be the “most important” tool for inflation monitoring late last year. “While many Bitcoin investors have noted that BTC typically bottoms roughly ~400 days after the bull market peak, this chart suggests that this time is different,” he wrote.
If you not wagging by now ngtmi $WAG
I shared the Death Cross coming up on BTC with my community last week. It's time to get ready for anything! 🚨👇
$BTC's death cross may send fears to many who are in for the short term only. For me, this is the best time for a strategic DCA to stack some SATS. Thanks to MEXC's spot grid, the most efficient and risk-free tool that does this better – buy low and sell high made easy.
I think it's going to be a rollercoaster of a week with CPI out tomorrow! Hold onto your hat lol
Indicators are for amateurs. Price action is king
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