$BTC is hovering around $78.9K after dipping to $77.65K, with price still stuck between the $78K–$79K range.
Strategy paused BTC purchases again, while short positions are being closed and giving bulls some support.
August CPI could be an important catalyst for BTC.
Headline CPI MoM is expected at +0.3%, compared with +0.1% previously, while Core CPI is expected to remain at +0.2%.
With the FOMC meeting coming up, September 11 is a date I’m keeping an eye on. A major surprise in the data could quickly change market expectations and move BTC.
Strategy paused BTC purchases again, while short positions are being closed and giving bulls some support.
August CPI could be an important catalyst for BTC.
Headline CPI MoM is expected at +0.3%, compared with +0.1% previously, while Core CPI is expected to remain at +0.2%.
With the FOMC meeting coming up, September 11 is a date I’m keeping an eye on. A major surprise in the data could quickly change market expectations and move BTC.
