Bitcoin Holds $84K Ahead of CPI: Break Above $84K or Drop Below $81K?
- —Bitcoin bounced from $81,000 to $84,000 ahead of the US CPI report
- —BTC closed higher 24 hours after 12 of the last 15 CPI releases
- —Inflation forecast at 3.6–3.7% versus 3.4% previously
- —Close above $84,000 targets $86,530; below $81,000 opens $77,153
Why it matters: The CPI print will shape Fed rate expectations for the October 28 meeting and near-term direction for bitcoin and altcoins.
Source: Coinpedia