Bitcoin Faces Volatility Ahead of US CPI

[johnblockbuster]

Bitcoin (BTC) Price Performance. Source: TradingView

Bitcoin remains under pressure after falling out of its ascending channel from the $126K peak. Key resistance levels at the 50-day and 100-day EMAs ($95,601 and $101,022) must be reclaimed for a bullish continuation. Short-term momentum is improving with the RSI stabilizing near the mid-40s, but range-bound trading remains likely until BTC closes above $98,018 (61.8% Fibonacci).

[Nahid Hossen]

CPI releases almost always shake out leverage.

[Abdul Khan]

Expect whipsaws before any real direction forms.