Bitcoin price is holding the $76,500–$77,000 support zone, but the level is becoming increasingly fragile ahead of Friday’s CPI report. Inflation is forecast at 3.4%, while higher average oil prices in August could increase the risk of a hotter reading. A stronger-than-expected CPI could add pressure on the Federal Reserve ahead of next Wednesday’s FOMC decision. If BTC breaks below $76,500, the next downside zone could be $72,000–$74,000.
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