Bitcoin trades at $82,854, and a retest of the $80,000 support looks likely in a week packed with US inflation data and Fed commentary. Several well-known traders on X expect the same, and the October 8 low sits near $80,300.
The September CPI report arrives Wednesday, October 14 at 8:30 a.m. ET. Forecasts point to headline inflation of about 3.6%-3.7% and core near 2.5%, with monthly core around 0.2%. A core reading of 0.3% or higher could revive rate-hike fears and push bitcoin toward $80,000.
On Thursday, October 15, PPI and jobless claims follow. One preview expects PPI up 0.9% month over month, a hot reading.
On Friday, October 16, Fed Chair Kevin Warsh speaks at the IMF meetings in Bangkok, twelve days before the October 28 decision. Markets price roughly an 80% chance of no change and about 15% for a 25-basis-point hike. About $1.25 billion in bitcoin options also expire that day.
US spot Bitcoin ETFs lost $681 million last week. Without renewed inflows a rebound toward $87,500 looks harder, though a soft CPI print could change that. These are scenarios, not forecasts.
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Sources:
- FinanceFeeds: Bitcoin Price Week Ahead, $83,000 Into CPI
- CryptoTimes: Crypto Week Ahead, CPI, XRPN Debut, Bank Earnings
- Edaface: Crypto Market Faces Volatility Ahead of CPI, PPI and Warsh Speech
- TokenPost: Fed Chair Warsh to Speak at IMF Bangkok Meeting Oct. 16
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