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Why Crypto Faces a MASSIVE Test Next Week | Bitcoin Price Prediction

Why Crypto Faces a MASSIVE Test Next Week | Bitcoin Price Prediction ► Claim your free trial of Cryptocademy: https://cryptocademy.com/pricing ► Receive up to $4,000 USD with Bybit: https://partner.bybit.com/b/3k_bonus ► Get $100 Bitcoin for retirement: https://itrust.capital/JustinBennett ► Get up to $250 in Bitcoin: https://blockfi.mxuy67.net/bennett ► Subscribe to the channel: https://bit.ly/3FJ5LKi ► Follow me on Twitter:   / justinbennettfx   The crypto market faces a huge test next week with inflation data on both Wednesday and Thursday. We have Consumer Price Inflation (CPI) on Wednesday and Producer Price Inflation (PPI) on Thursday. Both events will move markets. I don’t think it’s a coincidence that the CBOE Volatility Index (VIX) is sitting on 9-month support ahead of the events. And make no mistake, the VIX also called the fear gauge will have a major effect on Bitcoin and the rest of the crypto market. Bitcoin needs to reclaim $23,000 on a daily closing basis to flip it back to support. It also needs to close above $23,450, which is still serving as resistance for BTC. Until then, expect Bitcoin to remain under pressure. However, the crypto relief rally is alive and well as long as Bitcoin and other cryptos are making higher lows. *None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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