21Shares Analyst: Bitcoin Poised to Build Upward Momentum Following CPI Report

Odaily Odaily Planet Daily – 21Shares analyst Matt Mena stated that despite the CPI report coming in hotter than expected, Bitcoin has remained resilient above the $80,000 mark, indicating further upside potential for the price. He analyzed: “The fact that Bitcoin did not decline on this data arguably speaks louder than the data itself—the market was already prepared for hot data, digested it, and is still holding above the $80,000 support level. As these macro headwinds are cleared, we may finally see Bitcoin retest the $82,000 resistance level and then march towards $85,000.”

Matt Mena added that the Senate 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.