Bitcoin price loses $82,000 after hot CPI: Can $80,000 support hold?

Bitcoin price has fallen below $82,000 following a hotter-than-expected U.S. inflation report, while its daily chart still places the Supertrend support line below the market near $79,664. Summary Bitcoin price traded near $81,900 after retreating from a daily high above $84,100. U.S. annual inflation rose to 3.7% in September, exceeding the 3.6% forecast. Daily Supertrend stood at $79,663.52, while Aroon readings favored recent downward price action. Lennart Snyder outlined downside targets at $81,400 and $80,300 after shorting near $82,800. TradingView’s Binance BTC/USDT daily chart showed Bitcoin at $81,830.60 on Oct. 14, down 1.61% from the session’s opening price of $83,169.01. The session ranged between $81,588.88 and $84,146.72, placing Bitcoin close to its daily low. The weekly chart, recorded a minute later, showed a price of $81,910.01 and a decline of 2.22% from the weekly opening level. Both timeframes placed Bitcoin below $82,000 after its latest attempt to hold above $84,000. U.S. inflation rises as Bitcoin retreats from $84,000 The Bureau of Labor Statistics reported that consumer prices increased 0.6% in September, following a 0.4% increase in August. Annual headlin...