#BTCFellBelow$69,000Again #MarketRebound #Write2Earn
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US CPI Report Today Could Decide Whether Bitcoin Breaks $70K or Drops to $60K
February 13
đ Bitcoin$BTC Dips Below $70,000 in Limited Trading Ahead of Key U.S. Data
Barron's
Moneycontrol
Bitcoin$BTC Price Falls. Why the Crypto Is Struggling to Break Back Above $70,000.
Bitcoin slides 1.5% below $70,000 ahead of US inflation data
Today
February 13
Bitcoin, the worldâs largest cryptocurrency, slipped below the $70,000 level in recent trading as traders positioned for major U.S. economic data releases â including inflation and jobs figures â that could sway global markets this week. ďż˝
Moneycontrol +1
đ Market Movement: BTC Under Pressure
In limited trading sessions â particularly across Asian and European markets â Bitcoin failed to sustain gains above $70,000 and continued lower toward the mid-$60,000s. ďż˝
Investing.com UK
This move represents a key technical moment: the $70,000 mark had acted as a psychological support level for months, and dipping below it signals a shift in short-term sentiment among traders and investors. ďż˝
MEXC
đ Why It Matters: U.S. Economic Releases Loom
Investors are now bracing for crucial U.S. data â including:
đ Consumer Price Index (CPI) inflation figures
đ Monthly jobs report
đ Other macroeconomic signals that influence Federal Reserve policy
These releases are expected to shape expectations about interest rates and liquidity, which in turn impact risk-sensitive assets such as Bitcoin. A stronger-than-expected inflation print could strengthen the U.S. dollar and dampen demand for high-risk assets, while softer data might boost risk appetite. ďż˝
TradingView
đ§ Investor Sentiment & Technical Signals
Market analysts point to several reasons Bitcoin is struggling:
Range-bound trading â BTC bouncing between roughly $68,000 and $72,000 without a clear breakout. ďż˝
Investing.com UK
Profit-taking and ETF outflows reducing bullish pressure. ďż˝
MEXC
Rising market volatility with macro indicators signaling ârisk-offâ conditions. ďż˝
Cointelegraph
Despite this pressure, some institutional players â such as crypto exchanges and major holders â are reportedly accumulating Bitcoin at lower levels, indicating support at prices below $70,000. ďż˝
Investopedia
đ Broader Crypto Market Weakness
Bitcoinâs slump has been accompanied by broader sell-offs in the crypto sector, with altcoins like Ethereum, XRP, Solana, and others also posting declines over recent sessions. ďż˝
The Economic Times
This synchronized weakness reflects caution among traders as the macroeconomic outlook remains uncertain ahead of pivotal data releases.
đ Whatâs Next for Bitcoin?
The market will closely watch the upcoming U.S. jobs and inflation reports, which could either:
đš Boost BTC â if inflation cools and investors expect rate cuts
đ¸ Increase selling pressure â if data shows continued economic strength and higher-for-longer interest rates
Technical analysts also note that if Bitcoin$BTC can reclaim and hold above $70,000, it may attract renewed buying interest. But if the price continues to slide, lower support zones â like $65,000 or even $60,000 â could be tested in the coming weeks. ďż˝
MEXC
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