The unexpected rise in US CPI data has increased market volatility, impacting Bitcoin (BTC) price trends. With inflation concerns, BTC may face downward pressure next week as investors shift to safer assets. However, if bullish momentum persists, BTC could test resistance at $85,000, with support near $78,000. MACD shows bearish signals, with the MACD line crossing below the signal line, indicating potential selling pressure. RSI is at 56, above neutral (50), suggesting bulls still hold momentum but nearing overbought levels, which could signal a reversal if it exceeds 70. Posts on X reflect mixed sentiment, with some predicting a rally if CPI stabilizes, while others anticipate a dip. Monitor momentum and RSI closely for overbought conditions. 0 reply
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