10x Research: Declining inflation may trigger a new round of BTC rebound

Markus Thielen of 10x Research stated that most market participants expect the inflation rate to reach 2.9% in the report released by the U.S. Bureau of Statistics on February 12th. He said that the U.S Truflation Inflation Index (real-time inflation tracking indicator) has dropped from 3.0% to 2.1%, indicating that inflation pressure "may ease faster than expected, and if CPI unexpectedly slips to 2.7% or 2.8%, Bitcoin may rebound." If Bitcoin's price rises another $10,000, it will reach $105,491, only 3.5% lower than its historical high of $109,000 set on January 20th before Trump's inauguration ceremony.