💸It's that familiar time again: January 13 – CPI announcement.
Observing the past 6 months, Bitcoin has generally tended to decrease by about 5–8% after this period.
Notably, before the CPI, BTC is often "painted" with a quite positive story, creating the impression that the market is healthy and may continue to rise.
Therefore, the most likely scenario is: In the next month, prices may dip to lower lows to shake out weak hands, then push higher in an uptrend. And January 13 is very likely to be the time for a short-term sell-off.
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💸It's that familiar time again: January 13 – CPI announcement.
Observing the past 6 months, Bitcoin has generally tended to decrease by about 5–8% after this period.
Notably, before the CPI, BTC is often "painted" with a quite positive story, creating the impression that the market is healthy and may continue to rise.
Therefore, the most likely scenario is:
In the next month, prices may dip to lower lows to shake out weak hands, then push higher in an uptrend.
And January 13 is very likely to be the time for a short-term sell-off.