Bitcoin Forecast: Last Inflation Print Before the Fed, and $82,500 Is the Level That Decides

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin trades at $82,663 on Monday evening, below its 20-day line but above its 50-day line. Wednesday brings the last US inflation print before the Fed decision of October 28, and it sets the range for the next two weeks.The most important number this week is not the Bitcoin price but the US consumer price index on Wednesday. It lands on October 14 at 8:30 a.m. New York time, 2:30 p.m. in Germany, and it is the last inflation print the Federal Reserve will have on the table before its rate decision on October 28. The next consumer price index does not follow until November 10, two weeks after the meeting. For Bitcoin that means the range it trades in will be set between Wednesday midday and October 28. On Monday evening a Bitcoin costs $82,663, or roughly 74,100 euros. The daily high was $84,250 and the daily low $82,318; the figures come from the Kraken exchange, as of October 12 around 6:45 p.m. Against the previous day that leaves a loss of 1.2 percent. Bitcoin Forecast: Wh...