21shares Strategist Sees Bitcoin Path to $90K After Hotter CPI Report

Bitcoin could advance toward $90,000 once near-term economic uncertainty clears, according to 21shares strategist Matt Mena. He points to last week’s selling and historically positive returns after hotter core inflation prints as support for his outlook. Bitcoin could regain $85,000 and move toward $90,000 after upcoming economic releases, Matt Mena, senior crypto research strategist at crypto investment product issuer 21shares, told Bitcoin.com News in commentary supplied Oct. 14. He argued that last week’s decline below $85,000 had already reflected much of the downside risk associated with a hotter inflation reading.

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.