Bitcoin faces $80K risk or $86K rebound on CPI: analysts
BTC when published $82,630Now $80,617 ▼ −2.44% since it was published
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.
First reported by crypto.news. This page is a short excerpt; the full text is theirs.
