Good news for Bitcoin: New CPI data suggests inflation has peaked

In this week’s episode of Market Talk, we welcome Caleb Franzen, Senior Market Analyst at Cubic Analytics.

Caleb is a Senior Market Strategist at Cubic Analytics where he analyzes new data and charts on the economy, stock market and Bitcoin to make better investment decisions. He is also a former Corporate Banking and Portfolio Analyst.

The main topic of our discussion with Caleb was the new CPI data and what it means for the crypto markets, especially Bitcoin (BTC). Is there any correlation between the data and recent price increases? How sustainable is this price action?

We also examine some of Caleb’s tweets to explain what metrics to look at when analyzing charts. One indicator he finds particularly interesting is the 78-week Williams %R Oscillator. I’ll explain why it’s important and how it can help.

Everyone may be wondering if the recent Bitcoin pump is a hoax and if it can actually drop before breaking $30,000. We get Caleb’s thoughts on this as he and Tim try to figure it out.

Ethereum (ETH) has been doing especially well lately with all the news and hype surrounding the consolidation of Proof of Work (POW) to Proof of Stake (POS). Does this mean the merger is already priced in or will he actually see an uptick when it happens in September? Is it a typical case of selling?

Tune in so I can hear you. We’ll be open to questions and comments throughout the show, so be prepared.

Market talk with Crypto Jebb stream live every Thursday at 1pm (5pm UTC). Each week features interviews with some of the most influential and inspiring people in the crypto and blockchain industry.So definitely go Cointelegraph YouTube Page And hit the like and subscribe buttons for all future videos and updates.