Bitcoin dipped into the $92,000–$93,000 support zone last night but has since rebounded as futures and options expirations concluded and a weaker-than-expected PCE report cleared the way. The Federal Reserve appears to have become politically reactive, believing that Trump's policies will drive inflation.
However, based on our analysis— the same framework that accurately predicted the massive 2023 rally for Bitcoin, Solana, and the Nasdaq in our December 2022 outlook—we see no substantial evidence of a significant inflation uptick.