CPI
Bitcoin CPI Highs See Warnings Of Bull Trap Next
Key points: Bitcoin nears three-week highs as US CPI data matches expectations. Plenty of market participants see Bitcoin heading higher as aresult, perhaps after a dip to trap late longs. CPI has seen BTC price fakeouts in recent months. Bitcoin (BTC) saw telltale volatility at Thursday’s Wall Street open as US macro data furthered interest-rate […]
BTC Eyes $120K Reclaim On CPI Print And Fed Rate Cut Odds
Key takeaways: July US CPI held steady at 2.7% year-over-year, boosting Fed rate cut bets to 93.9% for September. Key price support lies between $117,650 to $115,650, with a deeper drop potentially testing a CME gap at $95,000. Bitcoin (BTC) price could continue to rally after the release of the July US Consumer Price Index […]