Bitcoin Magazine Bitcoin Price Steady at $109,000 as Market Awaits CPI, Analysts Split on Direction

Bitcoin is trading around $109,000, holding in what analysts at QCP Capital call a “narrow-range equilibrium” ahead of Friday’s U.S. Consumer Price Index (CPI) release — one of the few data points unaffected by the ongoing U.S. government shutdown.

QCP described the CPI as a “singular anchor” for policy expectations, with a soft 0.2% increase potentially boosting risk assets and improving liquidity sentiment. Until then, markets remain frozen in place, caught between cautious optimism and profit-taking.

Bitcoin has drifted lower since hitting a record high above $126,000 on Oct. 6, shedding momentum as traders digest mixed macro signals.

“The bull run is over,” warned John Glover per Yah

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