Bitcoin, Ethereum and XRP Price Analysis This Week: CPI Data in Focus

Bitcoin is trading between key support and resistance levels as bearish divergence limits its short-term momentum. Ethereum, Solana, XRP, and Chainlink are also consolidating around important price levels. Meanwhile, traders are watching Wednesday’s U.S. CPI inflation report and Thursday’s PPI data for clues about the Federal Reserve’s next move. Oil prices and the U.S. dollar could also influence market sentiment. These macroeconomic developments may affect Bitcoin’s recovery and the direction of the broader crypto market.

Bitcoin Price Analysis

Bitcoin has been trading between support at $80,000–$82,000 and resistance at $86,000–$88,000. The price has struggled to break above resistance in recent weeks.

Bearish divergence on the daily and three-day charts suggests that buying momentum remains limited. Bitcoin could continue moving sideways or experience a minor pullback if it fails to break above resistance.

Meanwhile, the liquidation heatmap identifies a liquidity zone around $84,500–$84,600, which could act as a short-term price target. However, a move toward this level is not guaranteed.

The weekly Supertrend indicator remains green, and a longer-term bullish divergence is still present. These signals suggest that the broader trend remains positive, despite weaker short-term momentum.