Bitcoin (BTC) Price News: Pullback to $119K as CPI, PPI Data Could Bring Volatility

Bitcoin (BTC) Price News: Pullback to $119K as CPI, PPI Data Could Bring Volatility

Bitcoin’s (BTC) overnight push towards fresh records met with profit-taking on Monday, knocking prices down to $118,500.The pullback left bitcoin 2.8% off its session high of $122,200, though the largest crypto remained up 0.4% over the past 24 hours.Ether held above $4,200, modestly up 0.8% during the same period, while major altcoins Solana’s SOL (SOL), dogecoin (DOGE) and Sui's native token (SUI) slipped 3%-4%.James Van Straten, senior analys…

Bitcoin (BTC) Price: Hovers Below $120,000 Resistance Level Before Inflation Report

TLDR Bitcoin dropped to $118,630, reversing weekend gains amid caution before U.S. inflation data Metaplanet purchased 518 additional Bitcoin for $61.4 million, now holding $1.85 billion worth Bitcoin recently surged to $122,000 before retreating, with strong resistance at $120,000 Active Bitcoin addresses increased by 15% over the past ten days, reaching a 9-month high Long-term Bitcoin holders show reduced selling activity, suggesting growing…

Bitcoin Retreats Below $120K Amid Profit-Taking Concerns

Bitcoin Retreats Below $120,000 Amid Profit-Taking, Market Eyes U.S. Inflation Data Bitcoin slipped back under the USD 120,000 threshold on Monday after a choppy trading session, as investors locked in profits following last week’s strong run-up. The pullback came despite the broader uptrend remaining intact, with sentiment still leaning positive. However, traders are bracing for potentially heightened volatility ahead of this week’s U.S. macroe…

How Traders Are Positioning Bitcoin for This Week’s US Inflation Print - WorldNL Magazine

In brief Bitcoin's weekend rally stalled Monday as traders booked profits. Experts suggest a potential drawdown if Tuesday’s U.S. CPI print comes in hotter than expected. Bitcoin options data shows traders are hedging for downside risk with puts. Bitcoin’s surprise weekend rally hit a wall Monday with a move that undid more than half of the weekend’s 5% rise, as Tuesday’s upcoming CPI print continues to influence sentiment.Perpetual and spot dat…

Bitcoin Price Eases From Highs—Bounce Back on the Horizon?

Bitcoin price is correcting gains from the $122,250 zone. BTC is now consolidating and might aim for a move toward the $120,500 resistance zone. Bitcoin started a fresh increase above the $118,500 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $119,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another…