Bitcoin Price on Binance Hits Resistance Ahead of Core Inflation Data
The Bitcoin price on Binance is showing signs of anticipation ahead of the upcoming Core Inflation and CPI release. According to MI_Algos, rate hike probabilities have already been reflected in the price, standing at 69.4%. The current price of BTC trades at $77,737.29 within the Bollinger Bands on the 4h chart, testing resistance near the upper band at $79,620.82.
The EMA50 at $78,403.46 acts as immediate overhead resistance, while the EMA200 at $74,130.97 provides deeper support. The MACD death cross at -527.35 confirms bearish momentum, and the neutral RSI at 45.52 leaves room for a swift move toward the lower band support at $76,454.83 once CPI prints.
This setup is directly influencing BTC price prediction models and crypto market volatility expectations tied to inflation data impact.