Bitcoin above $80,000: $95,157 December forecast, inflation and BOJ rate in focus
- —BTC at $80,323: +4.82% over the week and +3.82% over 30 days
- —The Fed raised rates to 3.75–4% on September 16 due to high inflation
- —Michigan survey: one-year inflation expectations at 4.6%, sentiment at 47.8
- —Bitcoin ETF inflows of $433 million on September 18 versus outflows of $450.4 million on September 15
Why it matters: Whether the rebound above $80,000 holds depends on inflation expectations and ETF flows; soft data would support a move to $82,500–85,000, while hot data would bring back $77,500.
Source: CryptoSlate