10x Research: Inflation decline may trigger a new round of BTC rebound

Odaily Planet Daily News: Markus Thielen from 10x Research stated that most market participants expect the inflation rate to rise by 2.9% year-on-year in the report released by the US Bureau of Statistics on February 12th. However, he stated that the Truflation inflation index (real-time inflation tracking indicator) in the United States has dropped from 3.0% to 2.1%, indicating that inflationary pressures "may ease faster than expected". He said, "If CPI unexpectedly falls to 2.7% or 2.8%, Bitcoin may rebound If the price of Bitcoin rises another $10000, it will reach $105491, only 3.5% lower than the historical high of $109000 set on the eve of Trump's inauguration on January 20th. （Cointelegraph）