Is Bitcoin price looking for a deeper correction below $20K ahead of the U.S. CPI data amid the SEC crackdown against crypto staking.
The price correction of Bitcoin swept through the login password market, with the total market capitalization falling to nearly $100 million. The price of Bitcoin fell by more than 7% in a few days, mainly because senior Fed meeting officials promised to raise interest rates, and the Securities and Exchange Commission (SEC) took action to resist centralized trading, and traders are now looking for a price to buy bitcoin.
In January this year, a large number of investors entered the login password sales market, adding to a broader market recovery. The same people have been waiting for a correction, but after all the prices have continued to fall, now the hot plate has reversed.
Please also refer toThe Minister of Finance of India spoke on the policies and regulations on data encryption of G20 countries.
Michael van der Pope style (Michael Van De Poppe), a popular login password investment analyst, predicts that when the price of bitcoin struggles around $23k, the price of bitcoin will fall to $217k. He shared an interesting analysis of Bitcoin callbacks and when to buy them.
On the daily graph, the price of Bitcoin is still in the adjustment market, which can reach the support line of $21000. This is actually the entrance area that investors should be concerned about. However, a wider range of negative emotions may also require mechanical energy to sweep away at $19.7k.
After "buying on the bargain", the price of Bitcoin is likely to rise to $25K. In fact, because it is the time to move down, now is a good time to do more. Interestingly, the January CPI message that the United States will release on Tuesday is a massive rebound that can be seen later, as inflation is likely to fall like a stone.
The impact of macroeconomic events has been reduced compared to the special currency.