Bitcoin (CRYPTO: BTC) is eyeing a march towards the symbolic $100,000 mark after releasing CPI data in line with market expectations.
What happened The report reignited optimism across markets, with the S&P 500 index – followed by the SPDR S&P 500 ETF Trust (NYSE:SPY) – having gained 1.7%.
The main cryptocurrencies have soared:
| Cryptocurrency | Prix | Gain + / – |
| Bitcoin (CRYPTO: BTC) | 99 251,48 $ | +2,6% |
| Ethereum (CRYPTO: ETH) | 3 304,57 $ | +3,1% |
| Solana (CRYPTO: SOL) | 194,45 $ | +4% |
| XRP (CRYPTO: XRP) | 2,97 $ | +15,4% |
| Dogecoin (CRYPTO: DOGE) | 0,367 $ | +4,6% |
| Shiba Inu (CRYPTO: SHIB) | 0,00002198 $ | +2,4% |
Trader Ratings Lark Davisa Bitcoin investor and entrepreneur, noted that Bitcoin “liked” the published macroeconomic data.
Famous technical analyst Kevin observed that the lower CPI numbers reduced yields and dollar strength, which pushed up asset prices.
He remains cautious about the possibility of this trend continuing.
The economist Robin Brooks commented on the favorable core CPI reading for December, with core inflation up 0.25% per month.
It forecasts a temporary rise in the first quarter of 2025 due to seasonal price resets, reminiscent of patterns seen in early 2023 and 2024.
The rest: Cryptocurrency trader Jelle now marks $97,000 as support, and with prices heading towards $100,000, he concluded that “if they break through it, it’s a win-win for everyone.”
Data from Glassnode highlighted that BTC price action validated two key levels signaled by on-chain data.
He saw support at $89,000, which is the short-term realized price ($88,500).
Resistance is below $98,000, which is the largest accumulation level above the spot.
As Bitcoin approaches the psychological barrier of $100,000, the market remains divided on whether the rally will sustain.
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