📉 Bitcoin Rejected At $80K Again As Hot Core Inflation Bites
Another failed run. Bitcoin spiked to $79,837 right after the August CPI print, then sellers slammed it back to $77,271. This is yet another rejection at the $80K wall, and over $732 million in positions got liquidated in the whipsaw, with shorts taking $424 million of the pain.
📉 Where it stands:
Price: ~$77,271 (roughly flat)
Post-CPI spike high: $79,837
Support: $76,500 to $77,000, increasingly fragile
Fear and Greed: cooling from greed
Here's the nuance that matters. Headline CPI came in at 3.4%, exactly as forecast, and BTC initially ripped toward $80K on the "no surprise" relief. But the detail under the hood was hot: core CPI rose 0.3% versus the 0.2% consensus, driven by sticky services inflation that has nothing to do with oil. That's the reading that spooked rate markets, pushing Fed hike odds to 82-85% for the September 16 meeting. Headline said calm, core said sticky, and the market chose to believe the core.
On the 1D, the buying climaxes on the chart show buyers keep getting exhausted at $80K to $82K. Until a daily close clears $80,000, this stays a distribution ceiling. The saving grace: ETF flows stayed positive through the entire drop, institutions accumulating while leverage flushed. BTC is still down about 5% on the week.
What to watch:
Reclaim $80,000 after the Fed and hold, and $82K opens up.
Lose $76,500, and $75,500 then lower come into play.
A rejection at $80K into an 85% hike probability is the market pricing risk, not a dip to chase. The Fed on September 16 decides this. Sit tight, then act.
Fed relief finally cracks $80K, or a hawkish hike sends it below $76K?
Not financial advice.
$BTC
$ETH
$BNB
Another failed run. Bitcoin spiked to $79,837 right after the August CPI print, then sellers slammed it back to $77,271. This is yet another rejection at the $80K wall, and over $732 million in positions got liquidated in the whipsaw, with shorts taking $424 million of the pain.
📉 Where it stands:
Price: ~$77,271 (roughly flat)
Post-CPI spike high: $79,837
Support: $76,500 to $77,000, increasingly fragile
Fear and Greed: cooling from greed
Here's the nuance that matters. Headline CPI came in at 3.4%, exactly as forecast, and BTC initially ripped toward $80K on the "no surprise" relief. But the detail under the hood was hot: core CPI rose 0.3% versus the 0.2% consensus, driven by sticky services inflation that has nothing to do with oil. That's the reading that spooked rate markets, pushing Fed hike odds to 82-85% for the September 16 meeting. Headline said calm, core said sticky, and the market chose to believe the core.
On the 1D, the buying climaxes on the chart show buyers keep getting exhausted at $80K to $82K. Until a daily close clears $80,000, this stays a distribution ceiling. The saving grace: ETF flows stayed positive through the entire drop, institutions accumulating while leverage flushed. BTC is still down about 5% on the week.
What to watch:
Reclaim $80,000 after the Fed and hold, and $82K opens up.
Lose $76,500, and $75,500 then lower come into play.
A rejection at $80K into an 85% hike probability is the market pricing risk, not a dip to chase. The Fed on September 16 decides this. Sit tight, then act.
Fed relief finally cracks $80K, or a hawkish hike sends it below $76K?
Not financial advice.
$BTC
$ETH
$BNB
