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Tag: hotter-than-expected

As Bitcoin Holds Steady Near $87,000, Here’s the BTC Price Prediction for Today

The post As Bitcoin Holds Steady Near $87,000, Here’s the BTC Price Prediction for Today appeared com. The post As Bitcoin Holds Steady Near $87,000, Here’s the BTC Price Prediction for Today appeared first S. inflation data, bond-market volatility, and renewed ETF inflows. While the broader macro backdrop remains mixed, BTC’s ability to maintain higher-low structures on intraday charts is keeping bullish sentiment alive-but traders are now watching a narrow price window that could determine the BTC price action. With bulls fighting to keep BTC out of danger and a potential bullish reversal waiting far above current levels, traders are asking the same question: Is Bitcoin quietly preparing for its next explosive move, or is the market masking a correction far deeper than anyone expects? Market Overview: BTC Consolidates After a Volatile Macro Week Bitcoin spent the past week navigating sharp macro-driven swings, triggered largely by the hotter-than-expected U. S. PPI print of 2. 7% versus the 2. 6% forecast. The reaction was immediate: BTC briefly slipped toward $85,800, but buyers quickly regained control, pulling the price back into the $86,500-$87,200 consolidation band. On the institutional side, spot Bitcoin ETFs recorded two consecutive days of net inflows, adding roughly $180-$220 million this week, helping stabilize market sentiment after last week’s outflows. Meanwhile, derivatives data show open interest rebounding by nearly 4%, signaling fresh positioning as traders prepare for the next volatility spike. Despite the turbulence, Bitcoin has managed to keep its weekly gains intact, up roughly 1. 8% over the last seven days-a modest but important recovery considering the pressure from macro headwinds. Can BTC Price Defend the $86,800 Support Today? After the recent price crash, the BTC price is trying to stabilize a decent ascending trend along the newly formed ascending trend line formed in the lower timeframes. Although the volume.