Yesterday, the U.S. Initial Jobless Claims was released. The figures look stable in the recent few weeks.
Today, the U.S. Unemployment Rate will be released. The Cons(Consensus) is 3.8%. If the forecast is less than 3.9%, it won't be much affecting the Fed's monetary policy and the BTC(Bitcoin) price. Cause, the Fed regards 4.0% as a turning point.
Next week, Jan. 10 is the deadline of making decisions for spot BTC ETF(Exchange-Traded Fund)s applications. And, the CPI(Consumer Price Index) YoY(Year of Year) and Initial Jobless Claims are expected to be released on Jan. 11. Those forecasts are not released yet.
Storm is coming.. what if the spot BTC ETFs applications are rejected? Well.. I think the BTC price is going more sideways, and some altcoins will be possible to pump and dump.
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You are not far from the btc price will crash to $30,000,then pump then drop down to $20,000.
If the price breaks below $20,000,it will go down to $15,000, $12,000 before the bull run.
Take note of what am saying here so that you will remember when it happen.
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wew
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