Bitcoin Announcement Today: With the Bitcoin Halving Cycle Appearing to Conclude, What Lies Ahead?
The Bitcoin headlines today pose a straightforward inquiry: has BTC genuinely become a Boomer asset? Currently, individuals genuinely perceive this Bullrun as noteworthy.
Even if Bitcoin ascends to $150K, it won’t significantly benefit you unless you already possess substantial holdings in the asset. Is this a critical issue? Could this explain the reduced excitement despite approaching 100K? Most of the profits have already been realized; you’re merely left with the leftovers now.
You’ve had the chance to accumulate BTC since 2011 (realistically since 2017 for most), and it has been nearly 15 years already.
With the Consumer Price Index (CPI) data anticipated this Friday, marking the first significant economic release since the shutdown commenced on October 1, is Bitcoin fated to crash to the Earth’s crust?
BTC Update Today: Are Crypto and Stocks Ready for a Decline?
Tim Sun, a senior researcher at HashKey Group, notes that expectations across both digital and traditional markets are cautious.
“Bitcoin and the wider trading market are predicted to react moderately to this week’s significant macro event. Even a slight positive surprise in CPI is unlikely to drastically change trading market expectations.” – Tim Sun
Derek Lim, the head of research at Caladan, shared a similar view, forecasting limited market fluctuation unless the inflation data significantly diverges from predictions.
The consensus expectation indicates that headline inflation is projected to increase to 3.1% from 2.9%. Concurrently, data from Truflation, a blockchain-based macroeconomic data service, suggests the actual rate is closer to 2.28%, implying that inflationary pressures could already be diminishing.
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Fed Policy, Tariffs, Is There a “Data Blind Spot”?
Crypto Fear and Greed Chart
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The Federal Reserve is getting ready for its upcoming policy meeting with limited insight into the economy. With official employment data still unavailable due to the shutdown, policymakers find themselves, as Nomura’s chief economist David Seif described, “flying blind.”
This lack of clarity coincides with the escalating US-China trade tensions, with newly implemented reciprocal tariffs creating additional inflationary risks. However, analysts at 99Bitcoins contend that much of the tariff ramifications have already been accounted for.
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Bitcoin’s Technicals Indicate Resilience Despite Economic Uncertainty
Technical analysis indicates Bitcoin remains robust where it counts, above its three-month trendline and 200-day moving average. Price floor and resistance levels are distinctly marked: price floor at $100K and $93K, resistance at $117K and $123K. All attention now shifts to Friday’s CPI report.
Nonetheless, it appears this cycle is unlike any other. Anyone attempting to predict what will occur likely has no real insight.
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Key Insights
- The BTC headlines today ask a fundamental question: has Bitcoin truly turned into a Boomer asset? This belief is being widely accepted now.
- Base level sits at $100K and $93K, resistance at $117K and $123K. Focus is now on the forthcoming CPI report this Friday.
The post BTC Update Today: Now That The BTC Halving Cycle Appears to be Over, What Lies Ahead? first appeared on 99Bitcoins.
