Bitcoin tried to break above $75,700 today — and got pushed back again. 🎯
$BTC is at $74,894, up 1.4% in 24 hours. The high today was $75,568, just short of $75,700 — the level where the average recent buyer bought in. Sellers are still defending it.
Below us: $73,750, today's low so far, and $73,708, the lowest price since August, hit on Sunday. Bitcoin is holding above both — for now.
Above us: $80,000 is the wall everyone is watching. The market is squeezed between $73,700 and $75,700, and it is running out of room.
And tonight at 22:30 Japan time, the US releases its October inflation report (CPI). That one number decides whether people expect interest-rate cuts or not — and crypto moves with that expectation.
• Cool inflation → rate-cut hopes grow → risk assets breathe
• Hot inflation → rate-cut hopes fade → pressure stays
The Fear and Greed Index is at 32 — still Fear, but a little less scared than yesterday's 29. The market is not brave yet. It is waiting.
Are you watching the CPI number tonight, or just the chart?
#Bitcoin #BTC #CPI
Not financial advice.
$BTC is at $74,894, up 1.4% in 24 hours. The high today was $75,568, just short of $75,700 — the level where the average recent buyer bought in. Sellers are still defending it.
Below us: $73,750, today's low so far, and $73,708, the lowest price since August, hit on Sunday. Bitcoin is holding above both — for now.
Above us: $80,000 is the wall everyone is watching. The market is squeezed between $73,700 and $75,700, and it is running out of room.
And tonight at 22:30 Japan time, the US releases its October inflation report (CPI). That one number decides whether people expect interest-rate cuts or not — and crypto moves with that expectation.
• Cool inflation → rate-cut hopes grow → risk assets breathe
• Hot inflation → rate-cut hopes fade → pressure stays
The Fear and Greed Index is at 32 — still Fear, but a little less scared than yesterday's 29. The market is not brave yet. It is waiting.
Are you watching the CPI number tonight, or just the chart?
#Bitcoin #BTC #CPI
Not financial advice.
