Economist Alex Krüger Issues Bitcoin and Ethereum Warning, Predicts When Next Crypto Rally Will Begin


Economist and crypto trader Alex Krüger says Bitcoin (BTC) and Ethereum (ETH) may have more downside potential but says a new crypto rally is almost in sight.

Krüger tells his 151,100 Twitter followers that the dip in the crypto markets was a reasonable response to the U.S. Securities and Exchange Commission (SEC) shutdown of Kraken’s staking services.

However, he predicts the crypto markets could bounce back in the next few days at the earliest.

“Quick crypto market views. Not adding size just yet. Think next bull run starts either with CPI [consumer price index] or end of month. BTC and ETH still have round levels below to run over. Not stressed about the market either. See this as a healthy pullback. Turn full bear on only if CPI beats by 0.2%.”

The CPI, which tracks the rate of change in US inflation over time, is slated for release on February 14th. It is a closely watched metric as traders see new data as an indication of the Federal Reserve’s next move in its efforts to combat inflation. A CPI print below consensus expectation is usually seen as a…

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