How will crypto markets react to the new data? Here are the expectations...

Cryptocurrency News – Before we look at the Bitcoin charts, we should take a look at the CPI rates that will be announced tomorrow. The new inflation figures will be published on March 12 at 12:30 GMT. The annual inflation rate is currently expected to be announced at 2.9 percent. This represents a small decrease from the current inflation rate of 3 percent. If expectations come true, markets react neutrally. However, if we see a figure other than 2.9 percent, we may face volatility in the markets. Basically, the further we move away from 2.9%, the greater volatility we can expect. The more we fall below 2.9%, the more markets will respond.

If inflation rates are declared low, Federel Rererv may cut interest rates sooner than expected. That's why we can feel the positive effects from the crypto markets. On the other hand, if inflation figures come in much higher than expected, it may be delayed for the Federal Reserve to cut interest rates. Three 25 basis point rate cuts are expected by the market in 2025. In other words, it seems that the markets are currently pricing in a 75 basis point rate cut. We will closely monitor whether the expectations will be realized in the coming period.

Pay Attention to the Correlation Between the Markets!

Taking a quick look at the U.S. stock market, we can see that the NASDAQ 100 index and the stock market have recently experienced a pretty big drop. The last time we saw a drop of this magnitude was in mid-July 2024. We have not encountered such a decline for almost 1 year. We also recently confirmed an oversold signal on the NASDAQ 100 index. Since we are testing a bottom in this way, we may experience a bounce after a short time. When we analyze historical data, we see that the rise started after reaching such bottoms. But if we don't face a reasonable rise, things could get a lot worse. That's why we should keep a close eye on how the market reacts next week. Because there is a correlation between the stock market and the crypto market that cannot be ignored. Now, we can analyze the price of Bitcoin.

What Do Bitcoin Price Indicators Tell?

We have officially confirmed our long-awaited bearish outlook on the Bitcoin Super Trend indicator. In the case of the Bitcoin MACD indicator, we confirmed such a bearish trend about a month ago. Looking at the weekly Bitcoin chart, we see that the RSI indicator is testing lower highs. That's why we still need to pay more attention to the downward trend. In the short term, we are lacking upside momentum.

Bitcoin price is trying to test the previous Fibonacci support level of $82K at the time of writing. This can be perceived as a slight recovery signal in the short term. However, if the downward movement continues, there is a reasonable support point around $76K. The strong support point below this level is positioned at $70,000.

Looking at the volume indicator, we have a lot of trading volume within this range. Many prominent crypto analysts attribute below $80,000 in Bitcoin as a potential accumulation zone. Also on the daily timeframe, we are approaching a bullish divergence. That's why we can see relief on hourly charts. However, we still have to pay attention to the support points and act. We should not perceive this relief as the end of all bearish price movements. We can interpret it as a sideways price movement for a short time.

Why Is Ethereum Price Crashing?

For Ethereum, things still look very bad, even on a long-term basis. Since we broke below the per-year support ternd line that we have been focusing on for weeks, the bullish structure has completely disappeared. For now, Ethereum price is trying to hold on to the Fibonacci support level at $1,880. If we fail to hold above this level, a decline towards $1,500 will be inevitable. If we hold above this level, we can expect serious resistance at the previous support point at $2,100. However, an upward move seems very unlikely under these conditions.

In summary, crypto's leading assets don't show much promise in the short term. Therefore, we can evaluate the potential in new pre-sale projects. Now, let's take a look at the Solaxy token, a new Solana-based presale.

Visit Solaxy Token

At What Stage Is The SOLX Presale?

Solaxy is a presale project designed with the goal of unlocking the full potential of the Solana ecosystem. By addressing weaknesses in the Solana network, Solaxy provides solutions to problems such as network congestion, failed transactions, and scalability limitations. Solaxy not only enhances the Solana network but also offers superior performance to participants. The Solaxy project also outperforms rival pre-sales with the amount of funds it collects during the pre-sale. Over $26 million has been raised since the SOLX presale began. If you want to be a part of this unique project, you can make the purchase from the official website. At the time of writing, 1 SOLX token is selling for $0.001664. However, early investors better hurry up as the price increases gradually!

The information in the content of the article is for informational purposes only. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for your profit or loss arising from the investments you make. Investment is ultimately based on many foundations such as knowledge, experience, research and personal decisions.

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