Bitcoin Price After The Latest Inflation Data Could Follow These 2 Scenarios, Says Veteran Trader
Portfolio Pulse from Ivan Crnogatić
Veteran trader EmperorBTC outlines two potential scenarios for Bitcoin's price following the latest PCE data. The main scenario predicts a steady upward movement, while the second scenario suggests a brief dip followed by a quick recovery. Both scenarios indicate a period of consolidation before a significant move.

May 31, 2024 | 5:20 pm
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Veteran trader EmperorBTC predicts two scenarios for Bitcoin: a steady upward trend or a brief dip followed by a quick recovery. Both scenarios suggest a period of consolidation before a significant move.
The main scenario suggests a steady upward movement, which is generally positive for Bitcoin's price. The second scenario, involving a brief dip followed by a quick recovery, also indicates a bullish outlook in the longer term. Both scenarios suggest a period of consolidation, which can be seen as a preparatory phase for a significant upward move.
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