Bitcoin battles US sellers as CPI inflation sees first drop since mid-2024
Bitcoin bulls fail to crush Wall Street sellers despite promising US CPI inflation data.
BTC price reverses at key bull market trendline
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching three-day highs of $84,437 on Bitstamp before reversing.
The January print of the US Consumer Price Index (CPI) came in below expectations at 2.8%, per data from the Bureau of Labor Statistics (BLS), hinting at slowing inflation.