US Inflation is 7.1%. Bitcoin price broke $18,000. What's next?

[Oceat]

Yeah broke $18k but unfortunately, there are news about Binance and it's BNB and it's proof of reserves.

The result?

We just go back to $16,900 as of this time, not really sure what to say about the market sentiments right now, but obviously, we are in the edge and every negative news will bring a big impact in the market.

It seems like it's not done yet going to the bottom or maybe the speculators were right, it will go dip down to $15k or $12k. This is giving a FUD news that most weak hands will try to get out of the market. Well, it's their lost once they sell their investment someone will definitely buy it cheap.

It's somehow good in the market if those weak hands remove their self from the market so it will continue to move without them. What I'm worried about is if this bearish market continue for another whole year next year, that would be suck but anyway it's also a good opportunity to buy cheaper coin.

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[STT]

I thought this was a reaction to FED policy as it was going to test on that higher Dollar index anyway.    Its failed to hold a weekly average or anything close to a higher hold, next area to watch is about 16.2k.  Lows of late November but the problem being we have now probably broken our trend of higher lows on the daily chart and very possibly we test the 15.5k bigger area, once again people will have to worry about price testing every price in the teens if we dont hold that larger low.   I'd much prefer we arrest the fall and start back upwards or just sideways, BTC most often has the energy to bounce off the highest walls it can find so lower then this still.