BTC should hit new ATH if inflation prints at 3.3% or lower: 10x Research

Markus Thielen, CEO of digital asset research firm 10x Research, analyzed on the firm's official channel that Bitcoin should hit a new all-time high (ATH) if the inflation prints 3.3% or lower in the next two months. The purchase of the U.S. spot Bitcoin ETFs in January was disappointing, Thielen stated, explaining that the primary reason for this situation was the unexpectedly high inflation on Jan. 11. The Consumer Price Index (CPI) stood at 3.4%, higher than the expected 3.2% and the recorded 3.1% in the previous month. However, the spot Bitcoin ETF inflows resumed in February when the inflation slowed down. The spot Bitcoin ETF inflows are likely to remain strong for the next two weeks, which ought to help push Bitcoin to new all-time highs, Thielen anticipated.