🚨 BITCOIN JUST GOT HIT BY THE CPI SHOCK! IS $70K NEXT?
The US October CPI delivered a nasty surprise:
🔴 Headline CPI: 0.4% vs 0.3% expected
🔴 Core CPI: 0.3% vs 0.2% expected
Both readings came in hotter than forecasts, reviving fears of a more hawkish Federal Reserve and a possible December rate hike.
BTC plunged to $72,727 and is now hovering around $72,900.
⚠️ KEY LEVELS TO WATCH: • $72,700 — Critical support
• $71,800 — Next downside target
• $70,000 — Psychological support
• $73,500–$74,000 — Recovery zone
Higher inflation, rising yields, a stronger dollar and ETF outflows are creating a dangerous environment for crypto.
Is this just another liquidation shakeout, or the beginning of a deeper market breakdown?
Altcoins could face even more pain if BTC loses support. Don't mistake a small bounce for a confirmed recovery.
#Bitcoin #BTC #CPI #CryptoMarketAlert
$NEAR $ETH $SOL
The US October CPI delivered a nasty surprise:
🔴 Headline CPI: 0.4% vs 0.3% expected
🔴 Core CPI: 0.3% vs 0.2% expected
Both readings came in hotter than forecasts, reviving fears of a more hawkish Federal Reserve and a possible December rate hike.
BTC plunged to $72,727 and is now hovering around $72,900.
⚠️ KEY LEVELS TO WATCH: • $72,700 — Critical support
• $71,800 — Next downside target
• $70,000 — Psychological support
• $73,500–$74,000 — Recovery zone
Higher inflation, rising yields, a stronger dollar and ETF outflows are creating a dangerous environment for crypto.
Is this just another liquidation shakeout, or the beginning of a deeper market breakdown?
Altcoins could face even more pain if BTC loses support. Don't mistake a small bounce for a confirmed recovery.
#Bitcoin #BTC #CPI #CryptoMarketAlert
$NEAR $ETH $SOL
