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Crypto & Bitcoin

Bitcoin faces $80K risk or $86K rebound on CPI: analysts

Reported by Lawrence Mondal, crypto.news

Image: crypto.news

Bitcoin has rebounded above $83,000, according to ViaBTC’s Jeff Ko, as analysts have identified a drop below $80,000 or a recovery toward $86,000 as possible outcomes of this week’s U.S. inflation report. BTSE’s Jeff Mei says hotter inflation could push Bitcoin below $80,000, while softer data could lift it above $86,000. ViaBTC’s Jeff Ko remains constructive but wants U.S. spot Bitcoin ETF flows to recover. Bitget Wallet’s Lacie Zhang sees resilience against oil pressure, although sustained buying remains essential. Zhang says expected Strategy purchases may offer only modest support because investors already anticipate its accumulation.

This is an excerpt. The reporting belongs to crypto.news.

Read the full report on crypto.news
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