FameEX Hot Topics | Bitcoin Briefly Tops $90,000 Despite Cooler-Than-Expected US CPI Data

Bitcoin experienced a sharp rally, briefly touching the $90,000 threshold, after the latest U.S. Consumer Price Index report for November showed inflation cooling more significantly than economists had forecast. The data revealed a year-over-year increase of 2.7%, notably below the expected 3.1%, marking a meaningful step toward the Federal Reserve's 2% target. This unexpected softening in inflation has eased immediate macroeconomic pressures, reviving investor risk appetite across global markets and providing a clear catalyst for digital assets. The move underscores Bitcoin's continued sensitivity to traditional macroeconomic cues, particularly those influencing the Fed's interest rate policy.

Market analysts are examining the structure of the rally, noting that it appears to be driven by fresh capital rather than a simple short squeeze. According to observations by crypto trader Back, the price bounce was accompanied by a rise in open interest, signaling new speculative positions being established. Furthermore, options market dynamics, specifically a relatively balanced gamma exposure around the current spot price, suggest the market is less constrained and potentially poised for larger moves if trading liquidity increases. However, many view this initial surge as a reactive, liquidity-driven impulse rather than the confirmed beginning of a new, sustained bullish trend.

For the momentum to solidify into a durable uptrend, Bitcoin must overcome significant technical and fundamental barriers. The favorable inflation print could create a supportive backdrop if it leads to sustained U.S. dollar weakness and a decline in real yields in the coming weeks. From a chart perspective, a decisive and daily close above the pivotal $90,000 level is critical. More importantly, price action must reclaim a position above the monthly Volume-Weighted Average Price, a key benchmark used by institutional traders to gauge the market's cost basis and demonstrate genuine buyer conviction.

The immediate path faces a known concentration of sell-side liquidity within the Fair Value Gap zone between $90,500 and $92,000. A clean break above this resistance area would likely fuel further upward momentum, potentially unlocking the next leg of the rally. 

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.