HTX analyst: Bitcoin awaits CPI, $81K support likely tested first
- —Bitcoin is range-bound between $81,000 and $84,000 after retreating from $86,000 in early October
- —ISM services prices paid index rose to 74.0, the highest since July 2022
- —One-year University of Michigan inflation expectations climbed to 4.7%
- —Analyst sees a test of $81,000 if CPI beats forecasts; a sustained break above $84,000 needs a soft print
Why it matters: Thursday's CPI report will decide whether Bitcoin extends losses toward $81,000 or breaks above $84,000.
Source: PANews