Inflation Decreases, Yet Bitcoin Struggles: The Reason Behind BTC Selling at $90,000 Consistently
Bitcoin Price Movement: Bitcoin experienced volatility, initially spiking to $89,000 following a surprising drop in U.S. core CPI to 2.6%, before retreating back to $86,000.
Market Reactions: The decline in inflation led to increased expectations for rate cuts, positively impacting risk assets like Bitcoin and the S&P 500, which approached record highs before reversing gains.
Future Outlook: Analysts suggest that the disinflation narrative could support a risk-on environment, potentially benefiting Bitcoin and other cryptocurrencies, with key support levels identified around $75,000–$80,000.
Investment Sentiment: Despite initial bullish data, some traders have taken profits and are cautious about further exposure, with focus shifting to critical price levels for Bitcoin's future movements.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36099.581 | 48049.791 | 60369.601 | 72319.811 | 84639.621 | 96589.831 | 108909.641 |
| Fibonacci | 48049.791 | 57320.938 | 63048.663 | 72319.811 | 81590.958 | 87318.683 | 96589.831 |
About BTC
About the author







