BTC - Inflation Data Supports a Key Technical Test!

BTC (Bitcoin) received additional support from the recent softer-than-expected US CPI and PPI reports, which improved sentiment across risk assets and increased the probability of bullish momentum in the cryptocurrency market.

From a technical perspective, Bitcoin remains within a broader bearish structure, continuing to trade inside the red falling triangle.

Following the recent rejection from the lower boundary of the triangle and the weekly demand area, price has recovered and is now approaching a key trigger area around 67,500. Adding more confluence to the bullish scenario is a developing bullish divergence, which may serve as an early indication that bearish momentum is beginning to weaken.

⭕A break above this trigger area would provide the first indication that buyers are regaining momentum, opening the door for a move toward the upper boundary of the falling triangle, or even the upper resistance area.

⭕However, if the current trigger area continues to hold, price may remain under pressure, keeping the broader bearish structure intact while extending the current consolidation.

The reaction around this level may provide valuable insight into whether the recent macro-driven optimism is strong enough to support a larger recovery, or if sellers are ready to defend the broader bearish structure once again.

⚠️ Disclaimer: This analysis reflects my personal market view and is not financial advice.

Rayan Nasser

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