BREAKING
110d 14h ago

Bitcoin Poised for Upside as Friday CPI Data Drives Fed Watch and Soft Landing Optimism

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

COINOTAG News reports that the U.S. government shutdown has paused most official data releases, narrowing the macro backdrop for traders. In this environment, Friday’s CPI data stands as the sole major economic signal available before any potential policy shift from the Federal Reserve. With broader data suppressed, inflation readings take on outsized influence on risk assets, including digital currencies.

According to QCP Asia, a 0.2% month-over-month CPI rise would reinforce the soft-landing thesis and could underpin a renewed bid for Bitcoin amid improving inflation expectations. If realized, such a print may calibrate risk pricing for cryptocurrency markets, guiding traders to adjust exposure as the Fed’s policy path remains uncertain.

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