Traders Turn Optimistic, but Caution Remains
Crypto traders leaned bullish after the CPI release.
“Inflation not as bad as expected — bring on the rate cut later this month. News now behind us, time to resume the scheduled program: higher,” analyst Jelle posted on X.
Others highlighted critical support levels. BitBull noted that Bitcoin had flipped $113,500 from resistance into support, calling it a “crucial reclaim” that could open the door to $117K and new all-time highs.
Crypto traders leaned bullish after the CPI release.
“Inflation not as bad as expected — bring on the rate cut later this month. News now behind us, time to resume the scheduled program: higher,” analyst Jelle posted on X.
Others highlighted critical support levels. BitBull noted that Bitcoin had flipped $113,500 from resistance into support, calling it a “crucial reclaim” that could open the door to $117K and new all-time highs.