US CPI Data Release Today, Will Bitcoin Price Surge Above $92K or Drop Below $90K

Hawkish CPI: Bitcoin may drop below $90,000, poss

US CPI Data Release Today, Will Bitcoin Price Surge Above K or Drop Below K

US CPI Data Release Today, Will Bitcoin Price Surge Above $92K or Drop Below $90K

  • Hawkish CPI: Bitcoin may drop below $90,000, possibly leading to long liquidation down to $88,000. Analysts suggest this period could still set up a relief rally later in the month.
  • CPI results can quickly move large sums in crypto markets. Rising political tensions between former President Donald Trump and Fed Chair Jerome Powell may also fuel sudden price swings, even if CPI meets expectations.

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    FAQs

    When will the US CPI data be released today?

    The US CPI report will be released at 13:30 UTC today, and its results are expected to influence short-term crypto and market trends.

    How does the US CPI report affect Bitcoin prices?

    Bitcoin often reacts to CPI data as it signals inflation trends, influencing investor sentiment and potential short-term price volatility.

    What happens if the CPI report is dovish for Bitcoin?

    A dovish CPI may push Bitcoin to $92,800–$93,200, easing selling pressure and possibly triggering short liquidations toward $95,000.

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