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Bitcoin’s $80,000 buy wall hides a liquidation trap that could send prices toward $78,000

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Bitcoin’s $80,000 buy wall hides a liquidation trap that could send prices toward $78,000

Bitcoin registered an intraday low of $81,514.28 on Oct. 14 as September CPI came in hotter than forecast, with headline inflation at 3.7% year over year against 3.6% expected and core at 2.6% against 2.5%. Glassnode's latest on-chain data suggests a calmer holder base than the price action. The harder test sits near $80,000, where… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Key Takeaways

  1. Bitcoin registered an intraday low of $81,514.28 on Oct.
  2. 14 as September CPI came in hotter than forecast, with headline inflation at 3.7% year over year against 3.6% expected and core at 2.6% against 2.5%.
  3. Glassnode's latest on-chain data suggests a calmer holder base than the price action.
Read Full Article on CryptoSlate

Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.