On May 30th, 10x Research said in its latest market analysis report that when the market generally expected that the inflation data on May 15th would disappoint again, our model predicted that the inflation data would decrease slightly. When we model inflation for the next two months, inflation is likely to hover at a similar level, and a downward trend will soon appear. If the inflation data is 3.3% or lower, Bitcoin should reach an all-time high.
This should continue to provide "fuel" for Bitcoin spot ETF investors to allocate funds and support prices. According to our model, inflation is no longer an issue. Not only is it turning into a medium-strong plus, but it is likely to turn into a stronger driver as we head into late summer, as our model predicts lower inflation.
10X Research: Bitcoin could reach new highs if inflation is 3.3% or lower
2024-05-30 02:50:15
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