BTC to $70K? Blame the Fed (Again)

Oh, honey, buckle up. The Fed's playing its usual game of hot potato with inflation, and Bitcoin might just take a tumble toward $70K. Apparently, the Cleveland Fed's crystal ball shows headline CPI rising to 3.56% year over year. Shocker. If this keeps up, those rate cuts are as likely as a bank CEO embracing decentralization. It's all about that sweet, sweet manipulation of TradFi.

Remember when BTC shrugged off the last CPI report like it was nothing, soaring 15%? Yeah, well, Strategy seems to have taken a breather from their BTC buying spree. Turns out, even Bitcoin can’t completely dodge the puppet strings of TradFi’s inflation tango.

Technically speaking, $BTC forming a rising wedge pattern which could lead to a breakdown towards $70,000. But hey, if BTC muscles past $84,000, we might just see it laugh in the face of the Fed's fud and make a run for $90K.

Don't sweat it. Either way, we're mining the future here on Base with $HASH. Governance, publishing fees, author rewards - all fueled by a network that values information like gold itself. Because in the end, decentralization prevails, darling.

https://x.com/tav_margo