21Shares Analyst: Bitcoin Poised to Build Momentum After CPI Report

Odaily Odaily reports that 21Shares analyst Matt Mena stated that despite the CPI report being hotter than expected, Bitcoin remains resilient above the $80,000 mark, indicating further upside potential for the price. He analyzed: "The fact that Bitcoin did not drop on this data is arguably more telling than the data itself—the market had already priced in the hotter figures, digested them, and is still holding above the $80,000 support level. As these macro headwinds clear, we may eventually see Bitcoin retest the $82,000 resistance level and move towards $85,000."

Matt Mena added that the Senate's vote on the CLARITY Act could also act as a catalyst for an upcoming price surge, potentially driving the price as high as $90,000.