Will the US CPI Data Start the Rally in Bitcoin? Analysis Company Revealed!

Today, the critical inflation data that FED pays attention to when making interest rate decisions will be announced. While the FED took a break from interest rate cuts in January, the expectation of interest rate cuts extended to June.

At this point, while the CPI data to be announced today is of critical importance, it is predicted that a CPI data coming below expectations will be positive for Bitcoin (BTC).

Markus Thielen, the founder of 10X Research known for successful predictions, said that if the US CPI data comes in below expectations, Bitcoin could rise.

In a recent report, Markus Thielen stated that if the CPI comes in lower than the expected 2.9%, Bitcoin could see a relief rally.

Today CPI will be announced and the expectation is %2.9.

However, the US Truflation Inflation Index, which tracks real-time inflation, fell from 3.0% to 2.1%. This also indicates that inflation pressures may ease more quickly than expected.

If CPI surprises towards %2.7 or %2.8, a relief rally could be seen in Bitcoin.

Bitcoin continues to trade at $95,880 as of writing.