The cryptocurrency market is rife with anticipation as investors eagerly await the release of the US Consumer Price Index (CPI) report on February 12. While prevailing sentiment among investors suggests no significant changes in inflation, Markus Thielen, the head of research at 10x Research, proposes a different outlook. He posits a realistic possibility that the CPI data might reflect lower inflation than expected.
This speculation comes at a time when the market's nerves are heightened, and the prospect of a favorable CPI report could ignite a notable rally in Bitcoin's value. The forecast by 10x Research adds a layer of intrigue to the unfolding situation, potentially influencing market strategies and expectations.