Bitcoin Price Likely To Hit New Bottom 

Recent fluctuations might be a sign of a further drop in BTC price

The price of bitcoin has been fluctuating between $19k to $22k.

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Experts have predicted inflation to go up to 8.7% in June 2022.

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If the official data releasing on 13 June by the U.S. Bureau of Labor Statistics is lower, even by a small amount we can expect a positive response from the markets and vice versa.

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If the CPI is worse than expected in America, the next wave of capitulations could be even stronger, as more and more Bitcoin miners face significant financial worries.

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Many have to repay loans for their equipment, and with the price of Bitcoin falling and the cost of electricity rising this seems tough.

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Selling Bitcoin is becoming essential to maintaining their business.

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Most had believed bitcoin saw its bottom below $18,000 last month, but it could go even lower.

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