BTC Reverses 3.5% Pump Ahead of CPI — Will Inflation Data Trigger a Crypto Comeback? — TradingView News
Bitcoin’s (BTC) short-term momentum took another hit on Wednesday after it reversed all of Monday’s pump, dropping from a high of $114,000 back to the $107,000–$108,000 support zone.
The 3.5% pullback has left traders uneasy, with many watching the upcoming for cues on market direction.
The CPI report, originally delayed by the U.S. government shutdown, is now scheduled for October 24.
CPI data will be released this upcoming Friday.The consensus forecast is 3.1%.What concerns me is that CPI has been rising for the past six months, and we are once again above 3%, even as the Fed has already started lowering interest rates.If the data comes in above 3.1%,… — Crypto | Stocks | Freedom (@Wealthmanagerrr)
Consensus expectations , but…
