Bitcoin $64K Compression: Next Targets Before US CPI Data

Bitcoin $64K Compression: Next Targets Before US CPI Data


Bitcoin is currently coiling inside a tight $63,500–$65,200 range ahead of the upcoming U.S. Consumer Price Index (CPI) release. With derivative open interest building up while spot volume remains thin, a massive liquidation-driven move is brewing.

Quick Market Breakdown:

  • Key Resistance: $65,400 - $65,800

  • Primary Support: $63,200 - $63,600

  • Bullish Invalidation Target: $68,200

  • Bearish Invalidation Target: $60,800

Will a soft CPI print trigger a short squeeze to $68K, or will hot inflation data flush BTC down to $60K?

👉 Read the full detailed technical breakdown & trade setups on TechnoLoger Insights

Disclaimer: This post is for educational and research purposes only and does not constitute financial advice. Always do your own research (DYOR).

 

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Technology Era
Technology Era

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Ovais here! While the retail crowd panicked in February, a massive "Handover" was happening behind the scenes. Short-term holders sold at a loss but have finally hit breakeven and stopped. Meanwhile, the real whales added 900,000 BTC to their bags, now holding a record 14.6M coins. That’s nearly 75% of the total supply locked away! The sellers have dried up, but the accumulators are still hungry. We are witnessing a historic supply shock. The question is: Are you holding with the whales or folding?

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