On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the new CPI data and U.S. inflation rate to be announced on Thursday, Oct. 13.
On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the new consumer price index (CPI) and United States inflation data will be bullish or bearish for Bitcoin (BTC).
To kick things off, we break down the latest news in the markets this week:
Related: Biggest mining difficulty spike in 14 months — 5 things to know in Bitcoin this week
Macro forces are brewing, while Bitcoin network fundamentals defy the bears — which side will win out when it comes to BTC price action? The price of Bitcoin has been relatively uneventful and boring these past few days, but there are some signs that a big move up or down is incoming. We take a look at some reasons why Bitcoin is due to make a move in a big way. We also discuss if it’s finally time for a Bitcoin price bottom.
Related: Bitcoin price poised for ‘very big move’ as CPI due to spark volatility
BTC price action may stay cool until Oct. 12, one analyst argues, as a historical volatility indicator prints a rare warning signal. With the week tipped to provide serious fuel for a potential volatility breakout, Michaël van de Poppe, founder and CEO of trading firm Eight, suggested that traders may get another 48 hours’ grace. We take a look at what insights he has to offer with regard to the current market environment.
Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.
Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: What are support and resistance levels?
Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Pangolin’s PNG and Ellipsis’ EPS.
Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a 1-month subscription to Cointelegraph Markets Pro.
The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.
