Why Bitcoin Could Be About to Pump if This Signal is Right – US CPI Explained

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Why Bitcoin Could Be About to Pump if This Signal is Right – US CPI Explained

   Bitcoin Bitcoin News BTC/USD consumer price index CPI Fed Fund Rate    September 14, 2022  |  0

The leading cryptocurrency, Bitcoin, suffered a massive drop, losing more than 12% to $19,850 amid stronger-than-expected US CPI figures. Before the news release, technical indicators, particularly the 100-day moving average (MA), indicated the possibility of a bullish trend continuation. However, the BTC/USD has fallen below the moving average, resulting in a significant drop. …
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