Bitcoin Price Whiplashes as Market Awaits US CPI Report

Bitcoin experienced significant price volatility this week, surging to $122,000 during an intraday high before quickly retreating. At the time of writing, Bitcoin is trading at $119,117, reflecting a sharp drop from its earlier highs.   Investors should closely watch the market as the US Consumer Price Index (CPI) report approaches, with potential implications for the crypto market’s direction. Bitcoin Investors Are Gaining Optimism In August, profit realization by long-term Bitcoin holders (7-day simple moving average or SMA) slowed significantly source: https://beincrypto.com/bitcoin-price-whiplashes-awaiting-us-cpi-report/