๐จ BITCOIN JUST GOT HIT BY THE CPI SHOCK! IS $70K NEXT?
The US October CPI delivered a nasty surprise:
๐ด Headline CPI: 0.4% vs 0.3% expected
๐ด 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.
โ ๏ธ KEY LEVELS TO WATCH: โข $72,700 โ Critical support
โข $71,800 โ Next downside target
โข $70,000 โ Psychological support
โข $73,500โ$74,000 โ 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:
๐ด Headline CPI: 0.4% vs 0.3% expected
๐ด 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.
โ ๏ธ KEY LEVELS TO WATCH: โข $72,700 โ Critical support
โข $71,800 โ Next downside target
โข $70,000 โ Psychological support
โข $73,500โ$74,000 โ 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
