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

ChainCatcher news, according to Cryptonomist, as inflation concerns intensify, the Federal Reserve finds itself in a dilemma of maintaining low interest rates and keeping prices sticky, with macroeconomic conditions indicating that Bitcoin is not the best cryptocurrency at the moment. The report states that Bitcoin's next Fibonacci retracement level is between $104,000 and $100,000, and if it falls below this range, it could push the BTC price 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, which could occur if the Federal Reserve delays easing policies or if there is a liquidity shock in the stock market.