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The expected year-over-year inflation rate in the United States for May is 4.8%, up from the previous value of 4.50%.
As long as prices continue to stay high, persistent inflation is a certainty.
In this situation, interest rate cuts are impossible, and the recent signals from the Federal Reserve indicate they plan to shrink their balance sheet by 30 to 50M.
Based on this, Bitcoin at 83,000 is a temporary peak; now we need to see how far the decline can go.
I don't think 60,000 is the bottom.
$BTC