Bitcoin Price Drops Below $81K as Analyst Warns of Fall to $65K
8 Articles
8 Articles
This is the second shock in two days on the US inflation front. After CPI inflation (from consumer prices) higher than expected yesterday Wednesday, it is today the producer price index (PPI) that also exceeds expectations by climbing to 6.3% over a year. What to reinforce the fears of an additional rise in Fed rates, as the latter would disadvantage risky assets such as stocks and cryptocurrency. The article PPI inflation suffers a higher incre…
Bitcoin Hits $81,514 Intraday Low as $80K Buy Wall Hangs in the Balance
Bitcoin dropped to $81,514.28 on October 14. One number, and suddenly every trader on the feed had an opinion. The… Read the original on Bitcoin Plummets to $81,514 as $80K Buy Wall Faces Critical Test. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin Price After Hot PPI: Can $80K Hold?
Bitcoin traded near $80,582 at 12:33 UTC (08:33 ET), after the U.S. Producer Price Index for September rose 1.3% month over month and 6.3% year over year, well above the 0.6% and 5.5% consensus. The monthly reading was the largest advance since March 2022, and BTC slipped roughly 0.4% in the first three minutes after […]
Bitcoin Price Falls After Hot PPI — Can $80K Hold?
Bitcoin traded near $80,582 at 12:33 UTC (08:33 ET), after the U.S. Producer Price Index for September rose 1.3% month over month and 6.3% year over year, well above the 0.6% and 5.5% consensus. The monthly reading was the largest advance since March 2022, and BTC slipped roughly 0.4% in the first three minutes after the 08:30 ET release. The move adds to a decline that was already underway before the data. Summary U.S. headline PPI: 1.3% MoM / …
Bitcoin Price Analysis: Final Liquidity Sweep or Bull Trap Before PPI? $87,200 in Focus
Bitcoin’s CPI-driven slide broke the $81,250 monthly midpoint, putting a potential liquidity sweep below $80,000 and another bull trap in focus before PPI. Chart Price Weekly Signal Midpoint Target $81,149 Bullish CRT failed. $81,250 $87,200 CPI Sell-Off Breaks Bitcoin’s Monthly Midpoint CoinGlass showed Bitcoin near $81,149 after falling to $80,188, leaving it below the previous […] Read The Full Article Bitcoin Price Analysis: Final Liquidity …
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