Bitcoin ($BTC ) has slipped below $81,000, trading around $80,950. This minor pullback follows a hotter-than-expected U.S. CPI print showing inflation sticking at 3.7%, renewing fears of a potential Federal Reserve rate hike on October 28.
The bearish momentum was compounded by $150.5 million in net outflows from U.S. spot Bitcoin ETFs. Technically, BTC remains compressed underneath its overhead resistance barrier at $82,800â$83,400. Bulls must maintain local support above $80,300 to prevent a breakdown toward the major $78,000 demand floor, while on-chain metrics show dormant whales quietly accumulating.
#bitcoin #BTC #CryptoAnalysisđđđđ đ #cryptotradingpro #MacroEconomics
The bearish momentum was compounded by $150.5 million in net outflows from U.S. spot Bitcoin ETFs. Technically, BTC remains compressed underneath its overhead resistance barrier at $82,800â$83,400. Bulls must maintain local support above $80,300 to prevent a breakdown toward the major $78,000 demand floor, while on-chain metrics show dormant whales quietly accumulating.
#bitcoin #BTC #CryptoAnalysisđđđđ đ #cryptotradingpro #MacroEconomics