The US Consumer Price Index (CPI), which has been falling regularly for months, will be announced today at 15.30 CEST. CPI, which was announced at the level of 4 percent last month, will most likely be announced as lower than 4 percent this month.

As of now, it is seen that the market expectations in CPI are 3.1 percent. The fact that annual inflation is below expectations may trigger volatile rises in the crypto market.
Bitcoin (BTC) is trading at $30,754 at 11:00 am at the time of writing.
As of the announcement of the CPI data today, there is a possibility that BTC will come out of the range of $ 29,500 - $ 31,500.
An upside break of this range and closings above $31,500 may allow BTC to reach $34,000 in a short time.
In the opposite scenario, $29,500 will be followed in the first place. BTC staying below $29,500 could bring a drop to $28,000
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