Bitcoin Falls to $79,800 on CPI Data, Recovers to $80,000; Analysts Eye $85,000 Target

According to analysts Michaël van de Poppe and FxPro Chief Market Analyst Alex Kuptsikevich, Bitcoin (BTC) fell to approximately $79,800 yesterday following better-than-expected US Consumer Price Index (CPI) data, but quickly recovered above the $80,000 level. Van de Poppe stated there is no clear reason for BTC to fall and identified the next target as $85,000 to $88,000, citing sustained buying pressure and successful breakouts above key resistance levels. Kuptsikevich noted that while short-term upward momentum has slowed near the 200-day moving average ($82,500), the recent correction represents a consolidation period rather than a trend reversal.
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