Bitcoin: CPI Data Triggers $2,500 Swing
Bitcoin swings $2,500 after US CPI release, peaking at $79,800 then falling to $77,300 amid 5% move in 90 minutes.
SourceAnalysis
Bitcoin dumped $1,120 in one minute on US CPI data at 08:30, reversed immediately, then ripped 5% higher to $79,800 by 10:00 before dropping $2,500 to $77,300 by 11:55.
Price action now sits at $77257.91 inside the Bollinger band with upper resistance at $78603.61 and lower support at $76431.29; neutral RSI at 41.4 combined with MACD golden cross points to a test of EMA50 resistance at $78131.7 before any sustained move, a classic setup that sharpens BTC price prediction accuracy during macro events and highlights ongoing crypto market reaction to CPI prints.
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