$25K or $15K BTC — CPI and US inflation data coming out on Thursday: Watch The Market Report

Published at: Oct. 11, 2022

On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the new consumer price index (CPI) and United States inflation data will be bullish or bearish for Bitcoin (BTC).

To kick things off, we break down the latest news in the markets this week:

Related: Biggest mining difficulty spike in 14 months — 5 things to know in Bitcoin this week

Macro forces are brewing, while Bitcoin network fundamentals defy the bears — which side will win out when it comes to BTC price action? The price of Bitcoin has been relatively uneventful and boring these past few days, but there are some signs that a big move up or down is incoming. We take a look at some reasons why Bitcoin is due to make a move in a big way. We also discuss if it’s finally time for a Bitcoin price bottom. 

Related: Bitcoin price poised for ‘very big move’ as CPI due to spark volatility

BTC price action may stay cool until Oct. 12, one analyst argues, as a historical volatility indicator prints a rare warning signal. With the week tipped to provide serious fuel for a potential volatility breakout, Michaël van de Poppe, founder and CEO of trading firm Eight, suggested that traders may get another 48 hours’ grace. We take a look at what insights he has to offer with regard to the current market environment.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto. 

Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: What are support and resistance levels?

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Pangolin’s PNG and Ellipsis’ EPS.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a 1-month subscription to Cointelegraph Markets Pro.

The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Tags
Related Posts
Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom'
The cryptocurrency faithful got a reprieve from recent market struggles thanks to a rally in decentralized finance (DeFi) tokens and Dogecoin (DOGE) on June 2. A bit of a breakout in the price of Ether (ETH) and Bitcoin (BTC) may have also lifted sentiment, but at the moment, the top-ranked digital assets are still meeting pushback at key overhead resistance levels. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin rallied 7.3% from a low of $35,645 on June 1 to an intraday high at $38,250 on June 2, and Ether saw a similar-sized gain of …
Bitcoin / June 2, 2021
Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst
Altcoin traders and investors should look for cover if Bitcoin (BTC) undergoes major price declines. So believes Filbfilb, an independent market analyst and co-founder of Decentrader trading suite. In a tweet published late Friday, the pseudonymous entity said a 30% crash in the Bitcoin market could prompt altcoins to drop twice as harder. When Bitcoin consolidated between $50,000 and $60,000 in the March-May period, altcoins exploded. Similarly, the recent correction in the Bitcoin market, which witnessed the flagship cryptocurrency falling from circa $65,000 to as low as $28,000, also had altcoins crash; still, to the levels, they held as support …
Bitcoin / June 26, 2021
The crypto market is dumping after the Ethereum Merge. Bears are winning, but why? | Find out now on The Market Report.
On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss why the crypto market is dumping after the Ethereum merge and why the bears are winning. To kick things off, we broke down the latest news in the markets this week. Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week. Bitcoin (BTC) faces another week of “huge” macro announcements after the lowest weekly close since July. The main event for the week will be the Federal Reserve’s decision on key interest rates. How will the market react after the new rate hikes are …
Bitcoin / Sept. 20, 2022
The British pound collapse and its impact on cryptocurrency: Watch the Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss why the British pound is at its all-time low and how that might impact the cryptocurrency market. To kick things off, we break down the latest news in the markets this week: Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016 A classic snap of sideways trading action sees Bitcoin’s (BTC) price aim higher, but concerns remain over what happens next. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added over 7% after the Sept. 26 close. Local highs of $20,344 appeared on …
Bitcoin / Sept. 27, 2022
Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse. We start off this week’s show with the latest news in the markets: GBTC next BTC price black swan? — 5 things to know in Bitcoin this week Bitcoin (BTC), the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX. Contagion is the word on everyone’s lips as November grinds on — just like the Terra …
Bitcoin / Nov. 22, 2022