According to Mars Finance, as reported by Cryptonomist, with increasing concerns about inflation, the Fed is caught in a dilemma between maintaining low interest rates and keeping prices sticky, and macroeconomic conditions indicate that Bitcoin is not the best crypto asset at the moment. The report states that Bitcoin's next Fibonacci retracement levels are at $104,000 and $100,000, and if it falls below this range, it could push the BTC price down to the range of $80,000 to $84,000; the next reasonable stop loss point is $96,000, and a drop to $81,000 would require higher inflation levels. This scenario may occur if the Fed delays easing policies or if the stock market experiences a liquidity shock.
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Analysis: If higher inflation levels occur, Bitcoin may fall to $81,000.
According to Mars Finance, as reported by Cryptonomist, with increasing concerns about inflation, the Fed is caught in a dilemma between maintaining low interest rates and keeping prices sticky, and macroeconomic conditions indicate that Bitcoin is not the best crypto asset at the moment. The report states that Bitcoin's next Fibonacci retracement levels are at $104,000 and $100,000, and if it falls below this range, it could push the BTC price down to the range of $80,000 to $84,000; the next reasonable stop loss point is $96,000, and a drop to $81,000 would require higher inflation levels. This scenario may occur if the Fed delays easing policies or if the stock market experiences a liquidity shock.