BTC price support holds ahead of US CPI data: Three things Bitcoin traders need to know this week
Summary
Bitcoin fell 3.2% over the week but closed near $83,700, holding above the closely watched $82,500 support level. Analysts say a successful retest could support renewed accumulation and a move higher, though a break could return BTC to its prior $60,000–$80,000 range. Traders are focused on upcoming US September CPI and PPI data ahead of the Fed’s October rate decision; markets expect inflation to rise and assign an 18.8% chance of a rate hike in October. A cooler reading could ease pressure on markets by reducing expectations of tighter monetary policy.
