A rate hike was already priced in by market participants, and today’s inflation report just confirmed what analysts already knew and expected.
Bitcoin Price Prediction: CPI Bear Trap Puts $85K in Play
A rate hike was already priced in by market participants, and today’s inflation report just confirmed what analysts already knew and expected.
FXEmpire
Publisher
Sep 11, 2026 at 2:49 PM UTC · 1 dk okuma
Entities
bitcoin
Market Impact
BTC+0.82%$77,170
Last Updated
8 saat önce
Çevriliyor…
If this short squeeze continues, the price could easily retest the upper bound of the flag at $80,000 during the weekend.
We need BTC to break past that ceiling to keep rallying to $85,000, which has been our short-term target for the token for a while. Meanwhile, the mid-term target for BTC continues to be $100,000.
The only thing that would change the direction of this prediction would be a break below the 200-day exponential moving average (EMA), as that would mean that bears are once again in control of the price action.
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Originally reported by FXEmpire
NewsLayer coverage based on externally reported material.
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Market Context
Bitcoin
BTC
$77,177
+0.83% (24H)
Market Cap
$1.55T
24H Volume
$26.9B
24H High
$79,832
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