Former trader, podcaster and Bitcoin maximalist Max Keiser stated that he expects Bitcoin to rise above the $30,000 level. However, Keiser also teased Binance CEO Changpeng Zhao. Keiser hinted that Changpeng Zhao’s shorts will attack the coin as soon as the BTC price exceeds $30,000.
“When #Bitcoin breaks $30,000 CZ’s shorts start hammering him badly. Squeeze harder, degens!!”
With the recent rise, the Bitcoin price has reached its highest level since the summer of this past year. The likely reason behind the spike in Bitcoin was the announced February Consumer Price Index; The Consumer Price Index fell to 6.0% year-on-year from 6.4% in January, as economists expected.
Now, market participants expect the FED to reduce the interest rate hike in March to 0.25 points instead of a regular increase of 50 points. In addition, the Japanese investment company named Nomura claimed that the FED would not cut interest rates in March, but instead could cut interest rates by 25 basis points. With the latest inflation data, the expectation of the Fed’s softening in interest rates has increased.