Bitcoin has rebounded to $83,000 after dipping below $80,000 earlier this week. A further increase above $84,000 could set the path for the uptrend.
Altcoins are exhibiting a bullish outlook despite recent volatility. Analysts suggest that the upward-trending market structure presents dip-buying opportunities.
All eyes are currently on the release of the U.S. Consumer Price Index (CPI) reports coming later on Wednesday, which will set the tone for the ned Federal Reserve monetary policy decisions. Bitcoin and the broader crypto market seem to be entering a bit of consolidation at the moment, waiting for clear signals ahead.
US CPI and Inflation Expectations for 2025
Top market analysts are predicting a major decline in both headline and core inflation numbers for the last month of February 2025. This would be the first drop in both the indicators in eight months, since July 2024. In January 2025, core inflation edged up from 3.2% to 3.3%. For February, consensus estimates suggest a
