Analyst: Bitcoin falls back from around $84,000, market focuses on U.S. inflation data
2026-10-14 17:47:12
According to CoinMeta, Bitcoin fell back from $84,000 before the release of U.S. inflation data and is currently down 0.5%, at around $83,200. Bitcoin is still fluctuating between the 50-day moving average (around $81,000) and the resistance level of $84,000. Analysts said that buyers defended the $81,000 support level on Tuesday but failed to break through $84,000. ZEC and TRX are the only major cryptocurrencies to rise, with gains of about 1%. HYPE fell 2% to $81, and SOL fell 1.4%; Ethereum fell 1% to near $2,500. The trading of Bitcoin is closely correlated with the Nasdaq 100 index. FXPro, the chief market analyst, stated that Nasdaq's cautious attitude has hindered Bitcoin's upward movement. Bank of America and Morgan Stanley will release their financial reports later on Wednesday, and forecasts indicate that the September U.S. inflation report will show a slowdown in underlying prices. If Bitcoin's daily closing price breaks through $84,000, it would be the first signal that buyers have broken through that range.
Source:CoinDesk
This content is for market information only and does not constitute investment advice.
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