Bitcoin stalls at 82 700 $ ahead of Wednesday’s CPI: what the compression says
Bitcoin is trading around $82,750, down about 2.1% for the week. On Thursday, the range reached 3.90% (from 80 427 $ to $83,563). On Saturday, it had narrowed to 0.74% at the time of writing.
Why it matters: September’s CPI is released Wednesday, and it’s the last inflation reading before the Fed’s October 28 decision. An analyst consensus cited by CryptoTicker (Admiral Markets) expects an annual rate of 3.6% to 3.7%, compared with 3.4% previously.
Another signal: altcoins have fallen more than Bitcoin over the past seven days (Ethereum -7.0%, Solana -8.1%, XRP -5.4%). Bitcoin is the most stable part of a market that is generally pulling back.
Levels cited by analysts: 80 427 $ (the week’s low) and 82 229 $ below, 83 204 $ and the 84 150 $ zone above. These are not forecasts.
The useful question for you is about your exposure: how far are you from your liquidation price if you’re using leverage?
How are you positioning yourself ahead of Wednesday: reducing your exposure, waiting, or sticking to your plan?#EthereumSurpasses2500USDT
Bitcoin is trading around $82,750, down about 2.1% for the week. On Thursday, the range reached 3.90% (from 80 427 $ to $83,563). On Saturday, it had narrowed to 0.74% at the time of writing.
Why it matters: September’s CPI is released Wednesday, and it’s the last inflation reading before the Fed’s October 28 decision. An analyst consensus cited by CryptoTicker (Admiral Markets) expects an annual rate of 3.6% to 3.7%, compared with 3.4% previously.
Another signal: altcoins have fallen more than Bitcoin over the past seven days (Ethereum -7.0%, Solana -8.1%, XRP -5.4%). Bitcoin is the most stable part of a market that is generally pulling back.
Levels cited by analysts: 80 427 $ (the week’s low) and 82 229 $ below, 83 204 $ and the 84 150 $ zone above. These are not forecasts.
The useful question for you is about your exposure: how far are you from your liquidation price if you’re using leverage?
How are you positioning yourself ahead of Wednesday: reducing your exposure, waiting, or sticking to your plan?#EthereumSurpasses2500USDT