BTC USD price shocks markets: Bitcoin rises over $73,000 despite US CPI spike to near 2-year high - here's what crypto traders need to know

Bitcoin BTC USD price today: Bitcoin moved sharply higher, surprising markets by reclaiming key resistance levels and climbing toward the $73,000 level, even after US inflation data came in at its highest level in 22 months. The reaction was unexpected, as stronger inflation readings usually put pressure on risk assets.

BTC USD Price Today: Bitcoin Surges Despite High US Inflation Data

The latest US CPI came in at around 3.5% year-on-year, slightly above the expected 3.4% and higher than the previous 3.2%, as per a report. Core inflation also stayed elevated, adding to concerns that price pressures are still not cooling fast enough.

Normally, this kind of data would point toward tighter Federal Reserve policy and reduced liquidity, which tends to be negative for Bitcoin, as per a Coinpedia report.

BTC USD Price Analysis: Why Bitcoin Didn’t React Bearishly to CPI

But the market did not react in the usual way. Instead of falling, Bitcoin continued higher along with broader risk assets. With traders already positioned cautiously ahead of the release, the data did not trigger fresh selling. Once the uncertainty passed, price action shifted upward, as per the Coinpedia report.

Bitcoin Reclaims Key $70K–$72K Resistance Zone

Bitcoin has now moved back into the $70,000 to $72,000 range, a level that previously acted as resistance. The latest recovery from the $65,000 zone shows steady buying interest, with higher lows forming as momentum builds.

RSI and CMF Signal Strengthening Momentum

Indicators also reflect this shift. RSI is holding above 60, pointing to strengthening bullish momentum, while CMF has turned slightly positive, suggesting ongoing inflows, as per the Coinpedia report. Bitcoin is also approaching a major resistance zone near $75,000, where it has faced rejection before.

Possible Bitcoin Breakout vs Pullback Scenario

If Bitcoin stays above the $70,000 to $72,000 range, it could continue toward $75,000. A move above that level may open the path toward $78,000 to $80,000. However, if it loses these levels, a pullback toward $65,000 remains possible.

FAQs

Why did Bitcoin rise after US inflation data?
Because it continued higher instead of reacting negatively, despite higher inflation readings.

What was the latest US CPI reading?
Around 3.5% year-on-year, slightly above expectations.