Inflation derailed Bitcoin’s rally: reclaiming 82,400 or risking 75,000
Bitcoin failed to break through the 85,000 area after inflation data came in at 3.7 versus 3.6, and quickly fell to 80,000. The key levels for me now are 82,400 as resistance and 79,500–79,600 as support, with demand on the order book. A move back above 82,400 could trigger a rebound toward 85,000, while holding below 80,000 would put 75,000 in focus.
$BTC #BTC
Bitcoin failed to break through the 85,000 area after inflation data came in at 3.7 versus 3.6, and quickly fell to 80,000. The key levels for me now are 82,400 as resistance and 79,500–79,600 as support, with demand on the order book. A move back above 82,400 could trigger a rebound toward 85,000, while holding below 80,000 would put 75,000 in focus.
$BTC #BTC