Bitcoin is sitting just above $85,000, and honestly, it barely reacted to the latest U.S. inflation data. Even though the numbers came in softer than expected — which is usually good news for markets — Bitcoin didn’t really move.
In the last 24 hours alone, the market saw about $504 million in liquidations, showing that traders are still getting shaken out while price goes nowhere.
Right now, Bitcoin feels stuck.
Well-known crypto analyst Ali Martinez says Bitcoin is still trading inside a tight range on shorter timeframes. There’s strong resistance just below $90,000, while support is holding near $85,400. If price breaks above resistance, things could turn bullish fast. But if support fails, more downside pain could follow.
Another trader, Daan Crypto Trades, pointed out something interesting. Bitcoin usually makes bigger moves during the month, but this time the range has been unusually small. So far, the distance between the monthly high and low is only about 12%, which doesn’t happen very often.
Historically, most months see wider swings. That means it’s unlikely that Bitcoin has already set both its monthly high and low. One of those levels is probably going to break soon. The data doesn’t say which direction — just that volatility is likely coming. From where Bitcoin is now, it would only take about a 5% move to test either extreme.
Another analyst, Michael van de Poppe, says Bitcoin’s recent behavior shows how sensitive crypto still is to bigger economic events. Even with positive inflation data and a short bounce, Bitcoin quickly pulled back again.
According to him, the $88,000 level is the big one to watch. Until Bitcoin clears that price and holds it, upward momentum remains weak.
He also highlighted the Bank of Japan’s upcoming decision as the most important event of the week. While stocks like the Nasdaq are climbing and gold is staying steady, crypto is lagging behind as traders wait to see if Japan might raise rates.
For now, Bitcoin is stuck in the middle — calm on the surface, but likely setting up for a bigger move very soon.
