Bitcoin Rallies Despite 22-Month High CPI—What Are Markets Seeing?

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The Bitcoin price

Momentum indicators support the move. RSI is trending above 60, signaling strengthening bullish momentum, while CMF has flipped slightly positive, indicating steady capital inflows. However, price is now approaching a major resistance zone near $75K, which aligns with prior rejection levels. A clean breakout above this level could open the path toward $78K–$80K, while failure to sustain above $70K–$72K risks a pullback toward $65K support.

What’s Next for Bitcoin Price?

Bitcoin’s move highlights a key principle that it reacts to liquidity but not headlines. Despite the hot CPI, selling pressure failed to follow through. Buyers stepped in at key levels, and hence, the price broke above a crucial resistance level.  This suggests the market was under-positioned for upside, creating room for a squeeze as shorts got trapped and momentum flipped. 

This is no longer about CPI, but it’s about follow-through. If the price holds above the support range between $70,000 to $72,000, continuation remains likely to $75,000. While a failure may initiate a pullback and compel the BTC price to remain consolidated. 

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