Analysis: If higher inflation levels occur, Bitcoin may drop to $81,000

ChainCatcher news, according to Cryptonomist, as inflation concerns intensify, the Federal Reserve is caught in a dilemma between maintaining low interest rates and sustaining price stickiness. Macroeconomic conditions indicate that bitcoin is not currently the best cryptocurrency. The report states that bitcoin's next Fibonacci retracement levels are at $104,000 and $100,000. If this range is breached, BTC prices could be pushed down to the $80,000 to $84,000 range. The next reasonable stop-loss point is $96,000, and a drop to $81,000 would require higher inflation levels. This scenario could occur if the Federal Reserve delays easing policies or if there is a liquidity shock in the stock market.