FameEX Hot Topics | Despite Tamed US Inflation in CPI, Bitcoin Hits $90,000 Mark Temporarily

Bitcoin surged toward the $90,000 mark following the release of the November Consumer Price Index report, which indicated U.S. inflation cooled more than anticipated. The year-over-year CPI reading of 2.7% came in below forecasts of 3.1%, narrowing the gap to the Federal Reserve’s 2% target. This softer inflation data alleviated near-term macroeconomic pressure and revitalized risk appetite across financial markets, providing a catalyst for Bitcoin's upward move.

Market analysis suggests the rally was supported by fresh capital inflows rather than merely a short squeeze. Crypto trader Back noted that rising open interest accompanied the post-CPI bounce, indicating new positioning. Meanwhile, options gamma exposure remained relatively balanced around spot prices, implying fewer technical constraints and potential for further movement if liquidity expands. Despite these factors, the price action was largely viewed as impulsive and liquidity-driven rather than the start of a sustained new trend.

For the rebound to evolve into a durable uptrend, key macroeconomic and technical hurdles must be cleared. The improved inflation outlook could favor Bitcoin if it leads to sustained U.S. dollar weakness and lower real yields in coming days. Technically, Bitcoin must convincingly break and hold above the $90,000 level, particularly by securing a daily close above the monthly volume-weighted average price. This would signal stronger buyer conviction.

Beyond the $90,000 threshold, immediate resistance lies within the fair value gap ranging from $90,500 to $92,000, where sell-side liquidity is concentrated. A clear break above this zone could pave the way for an extended rally, while failure to hold gains may result in short-term pullbacks as traders reassess positions after the initial bullish reaction.

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