 Bitcoin price sees $94K dip as crypto retreats on US CPI overshoot 
2025-02-12
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Bitcoin BTCUSD dipped below $95,000 around the Feb. 12 Wall Street open as US inflation data beat estimates across the board.
Bitcoin joins risk-asset sell-off as CPI surprises
Data from Cointelegraph Markets Pro and TradingView showed new local lows of $94,091 on Bitstamp.
The January print of the Consumer Price Index (CPI) was higher than expected on both monthly and yearly timeframes.
Data from the US Bureau of Labor Statistics (BLS) confirmed that CPI rose 0.5% last month, a conspicuous 0.2% more than anticipated. The year-on-year increase was 3% versus a forecast of 2.9%.
“Headline CPI inflation is up for 4 straight months and Core CPI is officially back on the rise again. Inflation in the US is HOT,” trading resource The Kobeissi Letter wrote in part of a response on X.

The latest estimates from CME Group’s FedWatch Tool thus showed bets on the Federal Reserve cutting interest rates at its next meeting in March, dropping sharply to just 2.5%. 
Traders additionally lowered the likelihood of cuts coming in the first half of 2025, instead favoring October as the next date for policy easing.
“From there, the market does not see another rate case until DECEMBER 2026,” Kobeissi continued. 
BTC price at “critical juncture”
Bitcoin sought a modest rebound as Wall Street returned, still struggling in the mid-$90,000 zone as analysis weighed buyer interest.
“Interesting day ahead post higher than expected inflation,” popular trader Skew wrote in part of his latest X post on Binance order book liquidity.

Skew acknowledged that there was “plenty of liquidity” between the current spot price and the range lows at $90,000.
Others were more nervous, with fellow trader Crypto Chase warning of a “do or die” moment and confirming buys set for the low $80,000 area.
Trading channel More Crypto Online meanwhile flagged $96,690 and $93,630 as important short-term resistance and support levels, respectively.
“Critical juncture – A decisive move back above the last swing high at $96,690 would strengthen the case for the yellow scenario, ideally with impulsive price behavior. Conversely, a sustained drop below $93,630 would favor continued downside in the white structure, turning the support zone into resistance,” it wrote in an X post.

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