Bitcoin, Ethereum, Dogecoin Headed For 'Complete Sideways' Until CPI, FOMC Data Next Wednesday, Says Trader
Portfolio Pulse from Khyathi Dalal
Bitcoin, Ethereum, and Dogecoin are expected to see minimal price movement until significant economic data is released next Wednesday, including CPI, Core CPI, and the FOMC meeting. This convergence of key economic indicators could lead to market volatility.
June 07, 2024 | 2:13 pm
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NEUTRAL IMPACT
Bitcoin is expected to see minimal price movement until next Wednesday's CPI, Core CPI, and FOMC data. Significant market volatility is anticipated.
The convergence of key economic indicators next Wednesday is expected to lead to significant market volatility, but until then, Bitcoin is likely to see minimal price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Dogecoin is expected to see minimal price movement until next Wednesday's CPI, Core CPI, and FOMC data. Significant market volatility is anticipated.
The convergence of key economic indicators next Wednesday is expected to lead to significant market volatility, but until then, Dogecoin is likely to see minimal price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ethereum is expected to see minimal price movement until next Wednesday's CPI, Core CPI, and FOMC data. Significant market volatility is anticipated.
The convergence of key economic indicators next Wednesday is expected to lead to significant market volatility, but until then, Ethereum is likely to see minimal price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100