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CPI Numbers Are Out! What’s Next For Crypto? | Crypto Town Hall

The Wolf Of All Streets

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Analyzing the Impact of CPI Data on Bitcoin and Market Sentiment

The chapter delves into the release of CPI data and its effect on Bitcoin's price due to higher inflation, touching on market participants' reactions and potential outlook. It discusses detailed technical analysis indicating a bearish short-term trend for Bitcoin, highlighting key resistance and support levels. The conversation also critiques the Fed's inflation indicators and hints at potential rate changes, offering a critical examination of the economic landscape.

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