Bitcoin eyes $90k ahead of CPI: Check forecast

2025-12-19 15:55

Key takeaways

BTC is up by less than 1% and is trading above $87k. The market is preparing for the CPI data release in a few hours.  Bitcoin trades above $87k

The cryptocurrency market has been choppy since the start of the week, with most coins and tokens currently trading in the red. Bitcoin is trading at $87k after losing the $90k psychological level earlier this week.

The bearish performance comes ahead of the release of the CPI data in the United States later today. U.S. inflation data for November, expected to show a 3.1% increase in CPI, could influence Federal Reserve interest rate decisions.

With the October CPI absent due to the government shutdown, the November CPI will give investors a fresh look at price pressure.

Some analysts are optimistic that Bitcoin could experience a temporary relief in the near term. Nick Forster, Founder at the onchain options platform, Derive.xyz, stated that,

“BTC positioning remains decisively bearish. 30-day BTC volatility has climbed back toward 45%, while skew hovers around -5%. Longer-dated skew is also anchored around -5%, signalling that traders are pricing continued downside risk through Q1 and Q2, as ongoing sell pressure from previously inactive wallets weighs on spot prices.”

The analyst added that for BTC, the probability of reaching $100K sits near 30%, while the chance of reclaiming all-time highs remains around 10%.

BTC could risk a deeper correction

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed over the past few days. The bearish performance comes after Bitcoin’s price faced a rejection from a descending trendline on Friday and has lost 7% of its value since then.

The leading cryptocurrency retested the $85k support level on Wednesday but has bounced back and is now trading above $87k per coin. 

If the correction continues and Bitcoin closes the daily candle below the $85,569 support, Bitcoin could extend the decline toward the psychological $80,000 level.

The Relative Strength Index (RSI) on the daily chart is at 41, below its neutral level of 50, indicating bearish momentum gaining traction. Moreover, the Moving Average Convergence Divergence (MACD) lines are also within the bearish region. 

However, if BTC recovers and closes above $85,569, it could extend the rally towards the resistance level at $94,253.

The post Bitcoin eyes $90k ahead of CPI: Check forecast appeared first on CoinJournal.

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 OTN / 100m OTN

trading above 87k bitcoin market cpi choppy

Источник: coinjournal.net

trading above → Результатов: 126


Here are the Crucial Levels Bitcoin Needs to Defend to Push Higher

It has been a rocky past few weeks for Bitcoin, with the benchmark digital asset mainly stuck within the upper-$11,000 region over the past few days Analysts are now noting that it may be well-positioned to see some further turbulence in the near-term, as it is currently trading above multiple key levels Despite showing some signs of weakness, it is important to note that bulls have been able to hold it above its crucial cloud […]

2020-8-22 02:00


Фото:

Bitcoin Just Hit a Crucial Trendline; Analysts Expect Imminent Fireworks

Bitcoin and the rest of the crypto market has witnessed some bear-favoring volatility throughout the past few hours This came about following a day of relative stability yesterday, and it appears that Ethereum’s potent decline is creating headwinds for the rest of the market BTC is now trending down near a crucial support level that coincides with a key trendline Analysts believe that a continued bout of trading above this level could be all that […]

2020-8-22 21:00


Фото:

Bitcoin Short Positions Surge to 4 Month High as Bears Grow Aggressive

Bitcoin and the entire crypto market – with a few exceptions – is flashing signs of weakness at the present moment This has come as a result of the sharp decline seen last night, which sent BTC reeling below its key $12,000 support The benchmark crypto is now consolidating between $11,600 and $12,000 This is the same trading range that it was trading in before its recent break above $12,000 Analysts do believe that the […]

2020-8-20 02:00


Фьючерсы стали драйвером рынка криптовалюты. Bitcoin должен преодолеть уровень в 13 тысяч долларов

Один из известных криптовалютных трейдеров известный под ником JSterz полагает, что Bitcoin должен и способен преодолеть уровень в 13 тысяч долларов в ближайшее время. It seems extreme to see BTC-Mar21 trading 6% above spot.

2020-8-19 13:30


Фото:

Here are the Levels Analysts are Watching That Will Determine Bitcoin’s Future

Bitcoin has been trading within a large  range throughout the past several weeks This has done little to offer investors with insights into the cryptocurrency’s mid-term trend That being said, bulls are now striving to break above the upper boundary of this range, with a confirmed and sustained break being an incredibly bullish sign for BTC Top traders are still expressing caution when it comes to the cryptocurrency’s short-term outlook One trader is noting that […]

2020-8-18 02:00


Фото:

Bitcoin is Poised to Push Towards $14,000 After Posting Bullish Weekly Close

Bitcoin has continued consolidating within the upper-$11,000 region overnight This extended period of sideways trading has come about despite it facing multiple recent rejections at $12,000 Its inability to break above this level has so far not led it to see any notable near-term downside, with $11,700 becoming a strong level of support This support level was previously a crucial resistance that it was struggling to close above Yesterday marked the first daily – and […]

2020-8-18 21:00


Фото:

Ethereum Faces a Critical Weekly Close as Bears Shatter Key Support

Ethereum has been struggling to maintain its momentum ever since it peaked within the $440 region The cryptocurrency is now trading right around a crucial support level that bears were able to shatter overnight Bulls are now moving the reclaim the cryptocurrency’s position above this level Whether or not it can hold above this level as its weekly close fast approaches should provide investors with significant insight into its near-term outlook Analysts are noting that […]

2020-8-17 22:00


Here’s the Crucial Trading Range That Will Determine Bitcoin’s Macro Outlook

Bitcoin has been caught in a firm consolidation phase but is now showing some signs of weakness The cryptocurrency is currently pushing down towards its key support within the mid-$11,000 region as its bulls falter There is currently a massive trading range that analysts are closely watching Which of the range boundaries that the crypto breaks above – or below – first will likely offer significant insight into its near-term trend Some respected traders are […]

2020-8-12 02:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Will Bitcoin overcome the $90k resistance? Check forecast

Key takeaways BTC is trading at $89k after losing less than 1% of its value in the last 24 hours. The leading cryptocurrency could top the $90k resistance level in the near term. BTC trades below $90k The cryptocurrency market has opened the new weekly candle bearish, with Bitcoin and other major cryptocurrencies currently in […] The post Will Bitcoin overcome the $90k resistance? Check forecast appeared first on CoinJournal.

Bitcoin price forecast ahead of Fed decision

The Bitcoin price is at $92,200 in intraday trading on December 8, 2025. The benchmark digital asset is slightly bullish after bulls suffered a negative tilt in November. While weakness continues to linger as price hovers near the $90,000 mark, eyes are on the US Federal Reserve.

Bitcoin price forecast: BTC eyes $85k support level as selloff continues

Key takeaways BTC slipped below $90k a few hours ago but has rebounded and is now trading above $91k. The leading cryptocurrency could dip towards $85k if the selloff continues. The cryptocurrency market has continued its bearish performance in November as Bitcoin lost 5% of its value in the last 24 hours and temporarily dropped […] The post Bitcoin price forecast: BTC eyes $85k support level as selloff continues appeared first on CoinJournal.

Bitcoin price hovers near $93k, risks further correction

Bitcoin price outlook after BTC breaks below the 50-week moving average. While it’s a buy opportunity, bulls risk seeing another pullback and a revisit of sub-$90k levels. A flip of $95,000 into key support could allow for bullish retests of highs above $104,504.

Bitcoin could dip below $104k as momentum fades; Check forecast

Key takeaways BTC is down 1% and is now trading below $104,300 per coin. The bearish performance comes after Bitcoin failed to overcome the $107k resistance level. Bitcoin dips below $105k despite strong start to the week Bitcoin, the leading cryptocurrency by market cap, has underperformed over the last 24 hours despite a positive start […] The post Bitcoin could dip below $104k as momentum fades; Check forecast appeared first on CoinJournal.