BITCOIN IS POISED TO RISE HIGHER

Today is a green day, Bitcoin is raising and all the major cryptocurrencies are in the green position, we are seeing a lot of price impact with some of the smaller cryptos. We have some very exciting news surrounding some of the cryptocurrencies like Cardano having their upgrades. The price of Bitcoin is likely to hit $25,000 after the CPI data. There are some reasons why we care about what Bitcoin goes to, a lot of people don't even own Bitcoin but does matter because Bitcoin is a crypto that makes all ties rise and fall together. We need to see Bitcoin and Ethereum go off because when they follow each other, all the other cryptocurrencies that we invested in and we believe in the project to communities, they all are possibly affected.

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There was buying pressure on Bitcoin when Bitcoin fell below $21,500 and it is evident with all the on-chain whale data. We have seen the CPI data and all the macro factors that are weighing crypto down are starting to fall after rising significantly. We are seeing oil prices dipping, the US government is planning to release more crude oil from the reserve. This is all going to play a role in what is going on with crypto because of how the actual macroeconomic ecosystem is across the United States. The biggest factor we have seen with inflation is how the dollar has weakened, which has helped Bitcoin's price recover slightly. This is because Bitcoin is a digital gold, the hedge against inflation.

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We don't really see that because seeing crypto correcting with the traditional markets a lot. We started seeing all of these macro factor retreats to normalcy in a way but we are seeing the US dollar falling to 102.96 today after rising to almost 103.5 in the last week. The inflation is expected at 6.2 percent in January which is the lowest since October 2022. The basic fall that we going to see we push in the markets is from 2.5 to 3% according to JP Morgan's prediction.

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Bitcoin is poised to rise higher, it has gone up almost 40% in January of 2023. I think the crypto markets and the trader are ready for this recovery and also the institutional money that follows the markets are ready. This market recovery is more of hope but it is an expectation when we see all this inflation kind of retreat and we see some normalcy across the board. There is no negative Catalyst because if you look at all the data and how bad it was, you really can't make it any worse.