Bitcoin’s Short-Term Rally: How CPI and Ethereum ETFs Could Impact the Market

Bitcoin has hit the initial downside target of $55,000. While the market appears oversold, a short-term countertrend rally is on the way, supported by macroeconomic factors and the SEC’s possible approval of the Ethereum ETF. Despite these short-term catalysts, 10x Research has warned Bitcoin, claiming it is not a significant buying opportunity in the mid-term. … source: https://coinpedia.org/news/bitcoins-short-term-rally-how-cpi-and-ethereum-etfs-could-impact-the-market/