Facts wahi hain, sirf awaaz aur rhythm badli hai. Teen chhoti fixes bhi laga di hain: gold ka hafta ab **"on

**The PPI "Surge" In BTC And Gold Lasted Hours**

"BULLISH: Bitcoin and gold surged after cooler-than-expected PPI."

That one went around on Friday. Every number in it was real. For a few minutes.

So I looked at what PPI actually showed.

Headline rose 0.3% on the month. The forecast was 0.4%. The annual rate was 6.5% against 6.6%, still the highest since November 2022.

Core came in at 0.3%. Exactly as forecast.

So "cooler" means a tenth of a point on the headline. Not on core.

Now what the market did.

**Bitcoin.** The first five-minute candle closed at $69,935. The next one touched $70,214. By 14:00 UTC, it was back under $69,500. Later Friday it slid to about $68,100, down roughly 4% on the day. It never reclaimed $70,000.

**Gold.** It touched about $3,923 on the print, and Reuters had it up 0.6% at $3,898.84. By the afternoon, it was back near $3,885. It's on track to end the week down more than 4%, its steepest drop since early June.

One thing did improve: Fed pricing.

After PPI, Reuters had a 25 basis point December hike at 89.4%. The odds of a 50 fell to 10.6%, from 13.8%. A hike is still the base case.

So why did the bounce fade?

Analyst Tai Wong's read: core at 0.3% a month "remains too high for policymakers." And a one-tenth miss is a small catalyst. This week also brought hot CPI, Nvidia's CEO exit and more than $1.3 billion of liquidations.

Now the weekend.

Bitcoin's 200-week average sits near $67,750, based on Bitstamp weekly closes. That's about 1.5% below Friday's price, per cryptoticker. The weekly close comes Sunday at 7 p.m. ET.

Bitcoin has closed below that line three times this year: June 28, August 2 and August 16.

Rekt Capital also notes that a weekly close below $73,000 would be the third break of that level in 2026. After each of the first two, Bitcoin fell to around $60,000.

Levels as of Friday, not advice. For Bitcoin, resistance is $70,214, the PPI high. Then $72,727, then the 200-day average near $73,081. Support is $67,750, then $67,568, then the August low near $64,166. For spot gold, support is $3,852. Resistance is $3,923, then $3,970.

My read: not bullish yet. The market sold this bounce within hours. Bitcoin needs a daily close above $70,214, and gold above $3,970, before I'd call a turn.

I'm watching three things. Sunday's weekly close against the 200-week average. Monday's Fed speakers. And whether the six straight days of ETF outflows, about $1.44 billion through Thursday, finally break.