Analysis: Bitcoin poised for a rally if U.S. CPI drops below expectations

Markus Thielen, head of research at crypto market analytics firm 10x Research, stated in a recent market report that if the upcoming U.S. Consumer Price Index (CPI) comes in lower than the expected 2.9%, Bitcoin (BTC) could see a relief rally, Cointelegraph reported. He explained that BTC surged in January because traders expected inflation to rise for a third straight month, but when the CPI remained unchanged at 2.9%, it surprised the market. This unexpected stability eased fears, sparking a $10,000 rally in BTC’s price.