Analyst: Bitcoin mirrors 2022 bottom, break below $80K could send it to $71K
- —Daily BTC correlation with late 2022 stands at about 94%
- —US inflation hit 3.7% y/y, above the 3.6% forecast; core CPI came in at 2.6%
- —Odds of a Fed rate hike rose to 35%
- —A break below $80,000 support opens the door to $71,000–72,000
Why it matters: If the 2022 pattern repeats, the current selloff may mark an entry point ahead of a new bull cycle.
Source: TokenPost