BTC price support holds ahead of US CPI data: Three things Bitcoin traders need to know this week

Bitcoin traders braced for inflation-based volatility after BTC price action preserved key weekly support around $82,500. Bitcoin (BTC) starts the third week of October by defending support at $82,500 ahead of key US inflation data. US inflation data is in traders’ crosshairs this week ahead of the Federal Open Market Committee’s Oct. 28 meeting on interest-rate policy. The September prints of the Consumer Price Index (CPI) and Producer Price Index (PPI) will be released on Wednesday and Thursday, respectively.