{"id":13196,"date":"2025-02-14T19:16:33","date_gmt":"2025-02-14T19:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13196"},"modified":"2025-02-14T19:16:33","modified_gmt":"2025-02-14T19:16:33","slug":"bitcoins-price-faces-potential-breakdown-to-the-92000-level-post-cpi-data-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13196","title":{"rendered":"Bitcoin\u2019s Price Faces Potential Breakdown To The $92,000 Level Post-CPI Data Report"},"content":{"rendered":"
\n

Following the United States Consumer Price Index (CPI) data release, Bitcoin<\/a>\u2018s price witnessed a rebound to the $98,000 level, raising investors\u2019 hopes once again. However, this rebound was brief as BTC\u2019s price began to drop a few hours after the upward move. As prices see bearish movements, crypto analysts believe that the drop could extend toward key support levels.<\/p>\n

Downside Risks Mounts For Bitcoin<\/h2>\n

Bitcoin\u2019s price action is under renewed pressure post-US CPI data release on Wednesday as revealed by a recent analysis<\/a> by Negentropic, a market expert and co-founder of the world-leading on-chain data and financial platform Glassnode.<\/p>\n

The event appears to have sparked volatility for the flagship asset<\/a> just as Negentropic previously predicted, which has fueled market uncertainty. During unfavorable conditions, Bitcoin is at risk of experiencing a price breakdown if it fails to hold key support levels.<\/p>\n

Negentropic highlighted that after an inflation report that was more intense than expected, BTC acquired liquidity at the $94,000 level and reached its top at $98,000. However, the crypto asset has currently retraced to the $96,000 mark.<\/p>\n

This development comes as BTC has seen declining network performance in the past few days. With weak liquidity coinciding with waning network growth, BTC\u2019s short-term outlook<\/a> signals bearish signs.\u00a0<\/p>\n

In the event that these negative trends persist, Negentropci is confident that BTC\u2019s next move might be toward the downside, targeting the $92,000 threshold. As a result, the market expert has urged investors<\/a> to stay vigilant amid these uncertain times.<\/p>\n

\"Bitcoin\"<\/p>\n

Daan Crypto Trades, a crypto analyst and investor has also delved into Bitcoin\u2019s liquidity grab following the US CPI data report. According<\/a> to Daan Crypto Trades, the majority of liquidity acquired by BTC was taken on the lower time frames.<\/p>\n

Furthermore, the expert outlined that after all these lower highs in the past few weeks, there is still a lot of untapped liquidity lying higher. Should BTC be able to reverse this local downward trend, it could serve as a trigger for a move to the upside.<\/p>\n

In the meantime, the $90,000 level is the danger zone where the analyst expects many longs to be taken out since it is the range low. Also, the level represents an area where Bitcoin\u2019s price<\/a> has witnessed a rebound several times.<\/p>\n

A Change In BTC\u2019s Market Dynamics<\/h2>\n

Even though BTC\u2019s waning performance has caused minimal losses, CryptoQuant\u2019s verified author Axel Adler Jr believes <\/a>it is more logical to concentrate on the trend of profit changes rather than the amount of holder losses. During the last consolidation phase<\/a> near $70,000, it took the market two more months to build a new impulse.\u00a0<\/p>\n

Meanwhile, market dynamics have shifted in the ongoing phase majorly influenced by news surrounding Donald Trump\u2019s administration and recognition of BTC as a strategic reserve<\/a>. \u201cEssentially, this could significantly accelerate the development of a new trend, unlike in previous macrocycles,\u201d Adler stated.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Following the United States Consumer Price Index (CPI) data release, Bitcoin\u2018s price witnessed a rebound to the $98,000 level, raising investors\u2019 hopes once again. However, this rebound was brief as BTC\u2019s price began to drop a few hours after the upward move. As prices see bearish movements, crypto analysts believe that the drop could extend […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13196","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13196"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13196\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}