Bitcoin’s Wild Ride: CPI, Gold, and Choppy Seas Ahead 🚀💸

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Key points (or as we like to call them, the universe’s way of saying “told you so”):

  • Bitcoin takes a leisurely stroll back to $106,000, while gold trips over its own shiny self after a dramatic daily nosedive. 🪙💔

  • BTC price action continues its low-time frame liquidity dance, because why hold support when you can just cha-cha away? 💃🕺

  • CPI week arrives, and crypto assets are like, “Oh, you wanted stability? LOL.” 📉😅

Bitcoin (BTC) clung to $108,000 like a liferaft after Wall Street opened on Wednesday, while gold decided it was time to explore new lows. Because, you know, why not? 🌊🤷‍♂️

Bitcoin vs. Gold: The Party’s Over, Folks 🎉→🚨

Data from CryptoMoon Markets Pro and TradingView tracked BTC’s price action, which was about as stable as a three-legged stool on a unicycle. Earlier in the day, it took a quick trip to $106,100, because why not add a little drama? 🎭💥

Attempts to crack higher resistance ended in what can only be described as a “faceplant of epic proportions,” with market commentators now warning of a retest of $100,000 or lower. Because, you know, the universe loves a good plot twist. 🌀😱

Meanwhile, the US dollar flexed its muscles, adding to Bitcoin bulls’ woes. But hey, at least the DXY eased off a bit-small mercies, right? 💪💸

Gold, on the other hand, was like, “Hold my beer,” as it threatened to lose $4,000 support. Its swift comedown from all-time highs was about as graceful as a hippo on roller skates. 🦛🛼

Crypto trader Roman quipped on X, “Again, the only reason we pumped was due to gold dumping,” referring to local highs above $114,000. He added, “I don’t think this move has any validity & binance is hard selling everything.” Because, of course, Binance is always the villain in this soap opera. 🧼🎭

“I don’t think this move has any validity & binance is hard selling everything.”

CoinGlass data showed bid liquidity strengthening below $107,000, with price attacking new asks like a hungry cat after a laser pointer. 🐱🔴

Trader Daan Crypto Trades chimed in, “This is a key area before retesting the Friday lows and wick not much lower than that.” Because, you know, the market loves a good cliffhanger. 🌋🎬

Daan also noted that BTC closed its latest weekend “gap” in CME Group’s Bitcoin futures market. “The CME gap was closed and we had a decent bounce in the short term,” he said, “but price action is all over the place. It truly is, ‘It’s over, we’re back szn’ aka, VERY choppy, illiquid and volatile price action.” Because, why have calm seas when you can have a rollercoaster? 🎢🌊

CPI: Shedding Light on the Inflationary Fog 🕵️‍♂️💡

Risk assets were under pressure ahead of the first major US macroeconomic data print since the government decided to take a nap. The Consumer Price Index (CPI) release for September, due Friday, is the Fed’s only lifeline for interest-rate decisions. Because, you know, one data point is totally enough to make informed decisions. 🤡📊

Trading company QCP Capital said in its “Asia Color” update, “All other releases will remain frozen until the shutdown ends. That makes CPI the singular anchor for next week’s policy rhetoric and market reaction.” Because when life gives you lemons, you make… more uncertainty? 🍋🤷‍♂️

“A softer print near 0.2% would re-anchor the soft-landing trade and reinforce BTC’s upside skew as liquidity expectations improve.”

QCP predicted that any weakening in the DXY would support a “buy the dip” mentality among Bitcoin investors. Because, let’s face it, who doesn’t love a good dip? Especially when it’s served with a side of volatility. 🍟🎢

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2025-10-22 18:40