My prediction for CPI was wrong...

[Cryptoddler]

Apparently, tariff did not impact the CPI at all.

CPI came out and it was lower than the market anticipation.

From here, we would be likely to see massive rally for both BTC and Altcoins.

What is everyone thinking about what would happen for next few months in crypto market?

[Oshosondy]

What is everyone thinking about what would happen for next few months in crypto market?

Bitcoin ATH is coming as we predicted and it will happen is some weeks to come. I do not know much about altcoins but they will rise and fall as usual. I still think that bitcoin is still going to at least $139000 but it may not increase more than $150000. I can be wrong but it is from my analyses.

[EarnOnVictor]

Apparently, tariff did not impact the CPI at all.

CPI came out and it was lower than the market anticipation.

First, it's honourable to acknowledge your fault, but still, the tariff affected the CPI, not the other way around, except that it didn't affect it as much as economists projected.



From the figures above, take a look at the Previous CPIs and Actual ones released yesterday, and not the Forecasted figures. Core CPI increased by 0.1%, CPI increased by 0.3%, while the year mean CPI reduced by 0.1%. This shows that the CPI is on the rise, only that it is not as high as it was projected.

[Lida93]

Apparently, tariff did not impact the CPI at all.

CPI came out and it was lower than the market anticipation.

Of recent, I have been observing about how bitcoin price response to negative market news has been going mild compared to the positive. And, following what's given from the CPI with what expert predictions were about the market it has to some extent cemented those thoughts of mine.

Though am still maintaining it that this very CPI data released doesn't actually reflect what the prices of baskets of foods and groceries in the market is now compared to the past months.

From here, we would be likely to see massive rally for both BTC and Altcoins.

What is everyone thinking about what would happen for next few months in crypto market?

Massive rally for bitcoin is most definite to happen but for altcoins I unsure it's saved to use massive when referring to the altcoins market because lately a large number of them haven't actually been keeping up the pace with bitcoin the bitcoin continuous rise and it's likely it could remain that way for them till the bears set in.

[Majestic-milf]

Bitcoin ATH is coming as we predicted and it will happen is some weeks to come. I do not know much about altcoins but they will rise and fall as usual. I still think that bitcoin is still going to at least $139000 but it may not increase more than $150000. I can be wrong but it is from my analyses.

I quite agree with you on your take of seeing a new ATH in the next few weeks being that there have being strong moves in the market. With Twenty One Capital purchasing a huge chunk of Bitcoin, precisely $458m worth of it, I'm sure this move will push other investors to dive in and as such, this will see us experiencing a surge. I'm predicting BTC new ATH to fall at $125k but it might exceed it though.

[Cryptohygenic]

While referring this thread to your formal thread, I think a link to the formal post should had been made visible in the one for better understanding of others.
Here the link goes https://bitcointalk.org/index.php?topic=5543249.msg65375095#msg65375095

Furtherly, as long we are still in the bull run after we are expecting to break too many Aths accounting from current Ath of $108,000, we are anticipating highly above $150,000.
Then, the evaluation will be that lower value of bitcoin Will be required to for stock purchase despites the hike of goods and the tarrif war. Least I can say is that bitcoin is currently hydrated to sustain a long term market increase for now because, the bull run is not ending soon and until it is gotten to an end of reverting to bear event that it can be inflated over the CPI ratio.

[The Hidebehinder]

Apparently, tariff did not impact the CPI at all.

The couldn't have:
The executive order on the tariffs on Chinese imports was signed on 11st of April, starting begin effective next day.
The announced CPI is for the entire month of April.

Most companies had immense stocks prepared before the tariffs date, all imports are less than 5% of the US GDP and some are not even making into the list that takes the CPI index, other things are taking time before being reflected in the price, going overboard with an example you import coal at 100% extra but it takes time till you use it for steel and that steel takes months before gets used in a house and that house will be ready in another half a year, so the price will reflect over a year from the actual purchase of more expensive materials.
If tariffs start to bite you won't see them sooner than 2-3 months, my nephew company for example has bought stocks for 6 months of supply  (from the US) scared that the EU might retaliate and slap US imports also.

Food and energy mainly oil was also down, US isn't importing anything from China here, and with oil down inflation will also increase less.
On top of everything else there is another thing, let's assume a t-shirt now cost 100 instead of 20, if nobody buys it it then they won't be taken into account at all since buyers will switch to 25 clothes from India.

[Aanuoluwatofunmi]

we would be likely to see massive rally for both BTC and Altcoins.

Maybe we should of bitcoin here and not altcoins, because even during the previous all time high, most of the altcoins least performs as expected of them, while some made it well and pumped high, sometimes, bitcoin season may not be accompanied by other altcoins.

What is everyone thinking about what would happen for next few months in crypto market?

Bitcoin all time high, but how and when exactly becomes a mystery, but the more we go the closer we get.

[Yaunfitda]

Apparently, tariff did not impact the CPI at all.

CPI came out and it was lower than the market anticipation.

It's good that you have acknowledge your mistakes, I mean everyone can make his own bold predictions, but the thing is that not many are willing to admit that they have made the wrong predictions.

From here, we would be likely to see massive rally for both BTC and Altcoins.

What is everyone thinking about what would happen for next few months in crypto market?

There will be massive FOMO for sure in the next coming months because of this positive news. And we all know that CPI is one of the most anticipated reports as it has big impact not just on crypto but the whole financial market. So with the lowering, the confidence of the investors will be back again and so we will see some massive gains and it could lead to a new all time high.

[FortuneFollower]

I quite agree with you on your take of seeing a new ATH in the next few weeks being that there have being strong moves in the market. With Twenty One Capital purchasing a huge chunk of Bitcoin, precisely $458m worth of it, I'm sure this move will push other investors to dive in and as such, this will see us experiencing a surge. I'm predicting BTC new ATH to fall at $125k but it might exceed it though.

I too think it will go further than that - 150k-170k would be my take, but we will see about that through this year.

[buwaytress]

What, you mean this current ATH-threatening rally isn't a massive enough rally? Don't think CPI will have much say in directions from here on out, it's just momentum and it can only be pegged back temporarily until the BTC cows (bulls) come home to roost.

The orange man is playing peacemaker too and backing down from non-physical wars (*cough tariff*), don't think anyone's got time to hit the brakes now.

[noormcs5]

Apparently, tariff did not impact the CPI at all.

CPI came out and it was lower than the market anticipation.

From here, we would be likely to see massive rally for both BTC and Altcoins.

What is everyone thinking about what would happen for next few months in crypto market?

Most people expected these numbers for the CPI data. Actually the problem is that these CPI data good or bad reflects how the economy few month back and hence the tariff hits weren't reflected in it in true sense. We never know if the next CPI data may be higher than this one and by then we may see the tariffs' effects on the economy in actual numbers. However, with the current CPI data, it is very likely that the fed will announce the interest rate in the next fomo meeting based on this data. So for the short and mid term, we are bullish for Bitcoin.

[Majestic-milf]

I quite agree with you on your take of seeing a new ATH in the next few weeks being that there have being strong moves in the market. With Twenty One Capital purchasing a huge chunk of Bitcoin, precisely $458m worth of it, I'm sure this move will push other investors to dive in and as such, this will see us experiencing a surge. I'm predicting BTC new ATH to fall at $125k but it might exceed it though.

I too think it will go further than that - 150k-170k would be my take, but we will see about that through this year.

I'm not surprised or won't be surprised if this push in price will make so many excited to the point that they will begin having bigger expectations concerning it's price but let's also consider the fact that inasmuch as it shot up to $100k+, it can also fall rapidly so for me, $150-170k is pushing it a bit. (That's if it's where you're seeing BTC price to hit in the upcoming weeks, though).

[Cryptoprincess101]

I quite agree with you on your take of seeing a new ATH in the next few weeks being that there have being strong moves in the market. With Twenty One Capital purchasing a huge chunk of Bitcoin, precisely $458m worth of it, I'm sure this move will push other investors to dive in and as such, this will see us experiencing a surge. I'm predicting BTC new ATH to fall at $125k but it might exceed it though.

I too think it will go further than that - 150k-170k would be my take, but we will see about that through this year.

I'm not surprised or won't be surprised if this push in price will make so many excited to the point that they will begin having bigger expectations concerning it's price but let's also consider the fact that inasmuch as it shot up to $100k+, it can also fall rapidly so for me, $150-170k is pushing it a bit. (That's if it's where you're seeing BTC price to hit in the upcoming weeks, though).

I don't think that the price of bitcoin will experience any drastic fall again and even if it does, it can never go back to the least price it went the last time. The market has a strong support such that before it experiences a heavy fall will result from a major liquidation which i think there's nothing that will prompt such actions since the tariff wars are almost coming to an end. $150K is a very fair and achievable ATH this year and with how bullish the market has been recently, we should be expecting something big in less than no time.

[AVE5]

Op you already have a related active thread recently made that's still discussed exactly with the same contents to this topic because I recalled being followed up with the other thread.
To avoid spamming you should had updated this thread in the earlier existed one for better formations to the discussion going there.
Knowing the conflicts based on your wrong information that the CPI would be the catalyst to drive the bitcoin price has caused to that thread, it'd be better if you've as just updated the old one admitting that you were wrong on your prediction in the thread instead of opening a new one here.
You can just imagine how you'd respond to both threads will be stressful with spamming qualities.

[Swordsoffreedom]

 I'm not surprised or won't be surprised if this push in price will make so many excited to the point that they will begin having bigger expectations concerning it's price but let's also consider the fact that inasmuch as it shot up to $100k+, it can also fall rapidly so for me, $150-170k is pushing it a bit. (That's if it's where you're seeing BTC price to hit in the upcoming weeks, though).

I don't think that the price of bitcoin will experience any drastic fall again and even if it does, it can never go back to the least price it went the last time. The market has a strong support such that before it experiences a heavy fall will result from a major liquidation which i think there's nothing that will prompt such actions since the tariff wars are almost coming to an end. $150K is a very fair and achievable ATH this year and with how bullish the market has been recently, we should be expecting something big in less than no time.

Anything can happen, but nothing happens randomly and naturally. What I mean is that Bitcoin price cannot just go up or down without reason.

The reason why Bitcoin dropped to $74,000 a month ago was because of the trade war, but now, news about the trade war, CPI, PPI...are also having positive developments. As we can see, there is hardly any negative news, so there is no reason for price of bitcoin will experience any drastic fall again. So I agree with you, Bitcoin will not dump and go back to the low of $74k again. Everything seems to be going in the market's favor, there is no reason to be fearful or pessimistic at this point.

For me, $150k is even a modest target, I think Bitcoin can hit $180k - $200k before the bear cycle comes.

[Majestic-milf]

I don't think that the price of bitcoin will experience any drastic fall again and even if it does, it can never go back to the least price it went the last time. The market has a strong support such that before it experiences a heavy fall will result from a major liquidation which i think there's nothing that will prompt such actions since the tariff wars are almost coming to an end. $150K is a very fair and achievable ATH this year and with how bullish the market has been recently, we should be expecting something big in less than no time.

That's strong confidence you've got there for Bitcoin and I quite admire it but if we're being realistic, you can't express such in the markets, it's just for you to be optimistic. I know that we might not see such drops to around the 70k+ region it last went to but there's a possibility that it will still drop from the amount it's at now.
 Although for the past two days if I'm not mistaken, Bitcoin price has been at $103,744 which means it's a bit stable at the moment but that doesn't mean that there can't be a dip.
 I really hope for better things for Bitcoin but Trump could have other plans too.

[Cryptoprincess101]

I don't think that the price of bitcoin will experience any drastic fall again and even if it does, it can never go back to the least price it went the last time. The market has a strong support such that before it experiences a heavy fall will result from a major liquidation which i think there's nothing that will prompt such actions since the tariff wars are almost coming to an end. $150K is a very fair and achievable ATH this year and with how bullish the market has been recently, we should be expecting something big in less than no time.

That's strong confidence you've got there for Bitcoin and I quite admire it but if we're being realistic, you can't express such in the markets, it's just for you to be optimistic. I know that we might not see such drops to around the 70k+ region it last went to but there's a possibility that it will still drop from the amount it's at now.
 Although for the past two days if I'm not mistaken, Bitcoin price has been at $103,744 which means it's a bit stable at the moment but that doesn't mean that there can't be a dip.
 I really hope for better things for Bitcoin but Trump could have other plans too.

My confidence is backed by the uptrend movement because after the price of bitcoin crossed the $100k mark on 8th May, it has not gotten any correction that made the price fall below $100k again and it's already over a week now which means that the market sentiment has gained enough momentum to sustain the price which shows signs of more bullish moves and i don't mean that a correction cannot happen but there is no correction that will make the price to fall below $78k as it did last time, that is what i meant by a drastic fall. There is no need for us to worry about Trump and his policies again because even if they don't favor bitcoin, it will only be for a shorter period of time.

[348Judah]

Apparently, tariff did not impact the CPI at all.

CPI came out and it was lower than the market anticipation.

Its not every information coming form this CPI monthly news are always positive, some will have a negative impact on the market renting down trend while some may pump it uptrend, we also have to know how this is being interpreted, because this is one of the major focal view for the forex trader on a monthly basis before trading begins.
 

From here, we would be likely to see massive rally for both BTC and Altcoins.

What is everyone thinking about what would happen for next few months in crypto market?

Bullrun and the wave may come more bigger than before, because we are expecting for all time high when it fully landed and those that have invested would be in more profits then for holding.