Bitcoin Price Prediction Ahead of CPI Data Today: Will BTC Break $84K or Fall Below $81K?

The post Bitcoin Price Prediction Ahead of CPI Data Today: Will BTC Break $84K or Fall Below $81K? appeared first on Coinpedia Fintech News

Bitcoin recovered to $84,000 after briefly falling to $81,000, as buyers defended support ahead of today’s US Consumer Price Index (CPI) report. In the previous 15 CPI releases, Bitcoin traded higher 24 hours later in 12 cases. When inflation came in below expectations, BTC closed higher the next day in eight out of nine cases. …