Bitcoin Price Recovers, But Big Move Expected After U.S. Inflation Data
Bitcoin bounced back on Wednesday and climbed to around $87,900 after holding strong support near $85,000. Even though the price recovered, traders are still careful because an important U.S. inflation report (CPI) is coming on Thursday.
By Wednesday afternoon, Bitcoin was trading near $87,300, up from its recent low of $85,427 on December 16.
---
What Happened: Bitcoin Price Went Up
Bitcoin’s price increased after new U.S. jobs data was released.
64,000 new jobs were added in November, higher than expected
Economists were expecting around 45,000 jobs
The unemployment rate rose to 4.6%, the highest level since September 2021
Because of this sudden price jump:
Around $38 million in short positions were liquidated
Only $23.5 million in long positions were liquidated This means many traders betting on Bitcoin going down were caught off guard.
---
Why This Is Important: CPI Timing for Pakistan 🇵🇰
The U.S. Consumer Price Index (CPI) report will be released on:
🕣 Thursday, December 18 🇺🇸 8:30 AM ET 🇵🇰 6:30 PM Pakistan Time
Expected numbers:
Headline CPI: 3.0% – 3.1%
Core CPI: 2.9% – 3.1%
If inflation comes in higher than expected, the Federal Reserve may pause interest rate cuts in January, which could cause strong volatility in Bitcoin and crypto markets.
---
More Risk Ahead
Bank of Japan interest rate decision on Friday
Markets are pricing in a 98% chance of a 0.25% rate hike
---
Expert View
David Hernandez from 21Shares says strong U.S. job data may pressure Bitcoin in the short term, but Bitcoin’s long-term story remains strong despite expected volatility.
If you trade Spot or Futures, this week is very important.
📅 December 16 – Unemployment Rate Higher than previous = economic weakness = market can dump Lower than previous = economic strength = market can pump
📅 December 18 – CPI and Initial Jobless Claims CPI shows inflation direction Lower than expected = market pump Higher than expected = heavy market dump
📅 December 19 – Bank of Japan Interest Rate Decision 🇯🇵 If Japan increases interest rates, global liquidity tightens Markets can dump sharply Bitcoin could move toward the 70,000 dollar zone
⚠️ Futures traders: Use strict stop-losses and calculated entries 🧠 Spot traders: Do not panic, dumps create buying opportunities $BTC $BNB #USJobsData
Alhamdulillah! 🇵🇰 #Binance has been officially legalized in Pakistan.
A big step forward for crypto adoption, regulation, and global trust in Pakistan’s digital economy. 🚀 This opens new doors for traders, builders, and investors.
Pakistan’s crypto regulator says the country is embracing Bitcoin as economic infrastructure, planning to use its 20 GW energy surplus for $BTC mining and AI development.
Officials believe emerging markets will lead the next wave of Bitcoin adoption. 🚀
🚨 JUST IN: 🇺🇸 The FED has cut interest rates again by 25 BPS! Markets expected to react quickly — bullish momentum could pick up in both crypto and stocks. 📈🔥 $BTC $XRP #BTCVSGOLD
The weekly trend is still bearish as long as Bitcoin does not reclaim the $98k–$100k zone.
Last week’s candle didn’t do anything major — • It took the previous week’s low, • Took the high, • And closed almost at the weekly open. So the market is still range-bound.
Important levels for this week:
$85,200 (support)
$93,160 (resistance)
---
BTCUSD – Daily Summary
The daily chart is also range-bound and still bearish overall. Price tried to break above $93k, closed above it for a moment, but quickly got pushed back below. This confirms $93k is still a strong resistance zone.
---
Trade Plan (Simple)
No clear trade setup right now — it’s a waiting game.
Bullish scenario:
If price breaks and holds above $93,160, we will likely see a move toward $98k.
Bearish scenario:
If price breaks and holds below $85k, Bitcoin can drop back toward $80k.
---
Overall
Nothing major has changed. Higher timeframes remain bearish, and price is still trading inside a range.
These key levels will decide the next big move. $BTC #BTCVSGOLD
Michael Saylor skipped the Orange Tracker this week — and instead dropped a powerful new chart showing Strategy’s rising Bitcoin-backed credit weekly volume. 📈
JUST IN: 🇺🇸 December rate-cut odds have surged above 70%, after dipping as low as 27% just last week. Markets are pricing in a major shift in Fed sentiment. 📉💸