News View Non-AMP

CPI Rates at the Lowest Levels in the Past 6 Months Uplifts the Bitcoin Price Close to $18,000!

Published by
Sahana Vibhute

Bitcoin price surges above $17,500, while Ethereum price is strongly approaching the crucial resistance at $1300. The global market capitalization continues to haunt above $855 billion with a jump of more than 1.38%  and the trading volume spikes by nearly 28%. The top 2 cryptos, presently appear to have gained significant strength that may uplift the tokens beyond their respective resistance levels. 

A popular crypto strategist Smart Contracter believes that the ETH/BTC pair could skyrocket towards such levels which have been not witnessed in the past 5 years. The pairs which are appearing extremely bullish at the moment are likely to generate more gains than Bitcoin.


“If ETH/BTC gets to 0.062 [BTC] in Q1 2023, it’ll be a screaming buy. This is one of the trades I’m looking forward to the most next year. Will definitely take a few months though.”

Besides, the fresh CPI rates have been announced which are lowered from 7.7% to 7.1% which has amplified the BTC price rally! The BTC price is trading very closely to $18,000 but is expected to soon fall into a fine bearish trap. According to a popular analyst, il Capo of Crypto, the trend is still bearish and hence the bears may capitulate the markets soon. 

The analyst has been warning his 684.6K followers on the false upswing which constantly traps the bulls. He believes that these fake upswings are been ‘hammered’ once they reach immediate resistance and drop by more than 15% to 20%. As the trend is bearish the targets for Bitcoin & Ethereum price remains around $12,000 & $600 respectively.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Galaxy Digital Completes $9 Billion Bitcoin Sale for Satoshi-era Investor: What Next for BTC Price?

Galaxy Digital Inc. (NASDAQ: GLXY), a financial investment firm focused on the crypto market, has…

July 26, 2025

Darwin Breaks Through: The First Solana-Powered AI Platform Going Public – And It’s Not Playing Small

Something big is happening at the crossroads of AI, blockchain, and public markets, and this…

July 26, 2025

3 Best Cryptos Under $0.01 Ready to Explode in 2025 and Turn $100 Into $10,000

Historical crypto charts indicate that small coins, costing less than a penny, often experience explosive…

July 25, 2025

Ruvi AI’s (RUVI) Audited Token Could Rival Ripple (XRP) This Cycle, With New CoinMarketCap Listing It Won’t Stay in Phase 2 Long

The cryptocurrency world is buzzing with excitement as Ruvi AI (RUVI) gains momentum as a…

July 25, 2025

BitLemons ($BLEM) Poised for Growth as BTC Tests $118K Resistance and ETH Surges Past $3,700 – Is This the Breakout Moment Investors Have Been Waiting For?

The cryptocurrency market is experiencing a pivotal moment as institutional money floods into digital assets…

July 25, 2025

Bitcoin Price Prediction: Bullish And Bearish Scenarios Explained

Bitcoin is currently in a quiet phase. The price has been moving sideways without any…

July 25, 2025