@macadams
October's US CPI spiked 3.8% year-over-year, exceeding forecasts and fueling inflation fears, pressuring risk assets like BTC. Yet, Bitcoin's resilience shines—trading at $68,500, it eyes $72,000 next week if bulls defend $65K support. MACD shows bullish crossover, with histogram expanding positively, signaling momentum build. RSI at 58 hovers neutral, avoiding overbought territory (above 70), suggesting room for upside without immediate pullback. Historical parallels: post-2022 CPI hikes, BTC rallied 15% weekly. Risks include Fed hawkishness, but ETF inflows ($1.2B weekly) bolster sentiment. Investors: watch $70K resistance—breakout could ignite 10% surge, blending macro headwinds with technical tailwinds for cautious optimism.
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