Bitcoin Price Prediction: Can BTC Reclaim $80,000 After a CPI Head-Fake?

Bitcoin price prediction after today’s CPI report stays bullish above $76,706, the level $BTC needs to hold to avoid a quicker drop toward $72,000.

Bitcoin Price Analysis: Did $BTC Just Print a Pump-and-Dump Wick?

Bitcoin Price Analysis (Source: TradingView)

$BTC trades near $77,259.73, trading flat today, almost the same level it sat at before this week’s CPI release. Price spent most of August in a tight range, then broke out sharply in early September, running from the low $60,000s to a peak above $81,000. It’s held between $76,000 and $77,000 for the past several sessions since.

That zone got tested directly on the CPI release. Price spiked toward $79,800 during the reaction, then reversed just as fast, giving back the whole move and landing back near $77,000, leaving a long upper wick on the chart. The Parabolic SAR sits well above price at $81,920.69, so the short-term trend hasn’t turned bullish despite the spike. Price still holds above the 20-day EMA at $77,026.02 and the 50-day at $73,024.39, so the broader structure stays intact.

$BTC Support and Resistance Levels, September 12, 2026

$BTC News: A 90-Minute Whipsaw After Sticky Core Inflation Data

Bitcoin’s reaction to Thursday’s CPI report was, in Coin Edition’s words, a textbook positioning trap. Headline CPI held at 3.4% year-over-year, in line with expectations, and sparked an immediate relief rally. That faded fast once the details came in: monthly CPI rose 0.4%, core CPI rose 0.3%, and core services excluding housing jumped 0.5%, the numbers that actually spooked the market.