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Executive summary: Inflation Still Running Hot! A September 2022 Bitcoin Price Update

Since the last July update, we had a small scam pump and a lot of sideways crabbing. What's in store for BTC for the rest of 2022?
Executive summary: Inflation Still Running Hot! A September 2022 Bitcoin Price Update

Executive summary:

  • Bitcoin could not get past $25K in a disappointingly meek summer rally.
  • Inflation is still creeping upwards, which means the Fed will continue its hawkish course and close any route to a sustained BTC rally.
  • Price-based capitulation looks largely done, but how long time-based capitulation could last is anyone's guess.

Full article:

Inflation Still Running Hot! A September 2022 Bitcoin Price Update | CoinMarketCap
With August’s CPI print coming in higher than expected and month-on-month inflation at a 40-year high, BTC has taken a knock. Prices touched the 20K level — but will we see more downside?