ExchangeDEX+

Buy Crypto Markets Spot Futures500X Earn Events

Key takeaways BTC is up by less than 1% and is trading above $87k. The market is preparing for the CPI data release in a few hours. Bitcoin trades above $87k TheKey takeaways BTC is up by less than 1% and is trading above $87k. The market is preparing for the CPI data release in a few hours. Bitcoin trades above $87k The

Bitcoin eyes $90k ahead of CPI: Check forecast

Author: Coin Journal

Source: Coin Journal

2025/12/18 20:55

CHECK$0.030496+35.03%

BTC$86,774+0.27%

1$0.004977-10.56%

RED$0.2024-3.15%

Key takeaways

BTC is up by less than 1% and is trading above $87k.
The market is preparing for the CPI data release in a few hours.

Bitcoin trades above $87k

The cryptocurrency market has been choppy since the start of the week, with most coins and tokens currently trading in the red. Bitcoin is trading at $87k after losing the $90k psychological level earlier this week.

The bearish performance comes ahead of the release of the CPI data in the United States later today. U.S. inflation data for November, expected to show a 3.1% increase in CPI, could influence Federal Reserve interest rate decisions.

With the October CPI absent due to the government shutdown, the November CPI will give investors a fresh look at price pressure.

Some analysts are optimistic that Bitcoin could experience a temporary relief in the near term. Nick Forster, Founder at the onchain options platform, Derive.xyz, stated that,

The analyst added that for BTC, the probability of reaching $100K sits near 30%, while the chance of reclaiming all-time highs remains around 10%.

BTC could risk a deeper correction

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed over the past few days. The bearish performance comes after Bitcoin’s price faced a rejection from a descending trendline on Friday and has lost 7% of its value since then.

The leading cryptocurrency retested the $85k support level on Wednesday but has bounced back and is now trading above $87k per coin.

If the correction continues and Bitcoin closes the daily candle below the $85,569 support, Bitcoin could extend the decline toward the psychological $80,000 level.

The Relative Strength Index (RSI) on the daily chart is at 41, below its neutral level of 50, indicating bearish momentum gaining traction. Moreover, the Moving Average Convergence Divergence (MACD) lines are also within the bearish region.

However, if BTC recovers and closes above $85,569, it could extend the rally towards the resistance level at $94,253.

The post Bitcoin eyes $90k ahead of CPI: Check forecast appeared first on CoinJournal.

Market Opportunity

Checkmate Price(CHECK)

$0.03051

$0.03051$0.03051

+19.90%

USD

Checkmate (CHECK) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.