Bitcoin slips under $80K after US PPI gains most in four years
Summary
Bitcoin fell as much as 1.8% below $80,000 after US September PPI rose 6.3%, exceeding forecasts by one percentage point and marking its largest annual increase since December 2022. Core PPI reached 5%, also above expectations. BTC later rebounded to around $81,000, while analysts watched support near its 50-week and 21-week EMAs, around $78,500 and $76,100. One analyst said volatile tests of those levels could occur during an early bull market; another warned that BTC’s weekly close had not confirmed a breakout and cited $75,000 as a level that would invalidate a range-bottom reversal pattern.
