Bitcoin Eyes $83,400 But Trump’s Iran Warning and CPI Week Spark Trader Caution
BeInCrypto
Bitcoin targets $83,400 as traders navigate geopolitical tensions from Donald Trump and upcoming U.S. inflation data.Summary
Bitcoin is eyeing a technical target of $83,400 after climbing above $81,000, supported by spot ETF inflows and an ascending channel pattern. However, momentum is meeting resistance at the 200-day EMA of $82,036. The market remains cautious as it faces a high-stakes week featuring U.S. CPI, PPI, and retail sales data, alongside geopolitical concerns triggered by Donald Trump's recent warnings regarding Iran.
(Source：BeInCrypto)