21Shares Analyst: March CPI Rise Has Already Been "Digested" in Bitcoin Price

PANews reported on March 12th, citing Cointelegraph, that 21Shares analysts stated the market has already "digested" the higher March CPI data, and Bitcoin prices may have already priced in inflation expectations. The U.S. Bureau of Labor Statistics' February CPI report showed an overall increase in CPI month-over-month, with energy rising 0.6%, food rising 0.4%, and core CPI rising 0.2%. Analysts point out that the current focus is on the Federal Reserve's reaction to subsequent higher CPI data—whether it will choose to "ignore" this temporary shock or adopt a hawkish stance as a precautionary measure based on lessons learned from the previous inflation cycle.

Analysts point out that Bitcoin's price is currently likely consolidating between $68,000 and $74,000. If it breaks through the $75,000 resistance level, it may enter a consolidation range of $75,000 to $80,000 in the medium term. Historical data shows that Bitcoin typically rebounds by more than 15% after geopolitical market shocks, and the recovery could accelerate if the FOMC resumes interest rate cuts in 2026. The CME FedWatch tool shows that only 0.6% of traders expect an interest rate cut at the March 18 meeting.

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Author: PA一线

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