From TradingView · · 40s
Bitcoin Holds $80,000
Bitcoin stays above $80,000 as market questions second chance.
In brief
Bitcoin stays above $80,000 as market questions second chance. Bitcoin held $80,000 after U.S. inflation rose, raising questions about whether it can reach $86,000 or drop to $77,000. Originally reported by TradingView.
Bitcoin holds $80,000
Bitcoin defended $80,000 despite rising U.S. inflation and fresh CPI and PPI upside surprises.
Short-term squeeze may support market
A short-term short squeeze could develop, potentially providing support for cryptocurrency after U.S. equity indices recovered.
Key price targets emerge
Holding above $80,000 keeps the door open for $86,000, 87,000, while a breakdown risks $77,000, 78,000.
The takeaway
Bitcoin held $80,000 after U.S. inflation rose, raising questions about whether it can reach $86,000 or drop to $77,000.
