Bitcoin price has been on a downward trajectory ever since the ever since the price of US inflation has been released. It fell from its high of $73900 to current rate of $65500.
PPI and CPI are both up on their month to month basis way more than predicted since the March 12,13 ,14,15 releases.
-CPI m/m 0.4%
-CPI y/y 3.2 % vs 3.1% predicted
-Core PPI m/m 0.3% vs 0.2% predicted
-PPI m/m 0.6% vs 0.3% predicted
This with higher oil prices Crude oil at NYMEX is at $82 vs the February lows of $72. This signals that the US FED won’t be able to lower interest rates anytime soon, as it could increase inflation even further .
Mountain Tech Analysis 
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