Odaily News Markus Thielen of 10x Research said that most market participants expect inflation to reach 2.9% in the report released by the U.S. Census Bureau on February 12. He said that the U.S. Truflation Inflation Index (a real-time inflation tracking indicator) has fallen from 3.0% to 2.1%, which shows that inflationary pressures "may ease faster than expected, and Bitcoin may rebound if CPI unexpectedly declines to 2.7% or 2.8%."
If the price of Bitcoin rises by another $10,000, it will reach $105,491, just 3.5% below the all-time high of $109,000 set on the eve of Trump’s inauguration on January 20. (Cointelegraph)