CPI Maps and Bitcoin $76,000-$83,000 Scenarios

Bitcoin is approaching Friday’s August CPI report near $78,000, with $80,000 as the key level before a potential move toward $82,000-$83,000. The inflation release is also central to expectations for the Federal Reserve’s upcoming policy decision, as Treasury yields and the dollar remain important parts of the market backdrop for crypto and equities.

Markets assign roughly a two-thirds probability to another Fed rate hike, based on futures pricing. That pricing could shift when the Bureau of Labor Statistics releases the CPI data, making the report an important test for Bitcoin’s next major level.

Economists expect August headline CPI to rise about 0.4% month over month and 3.4% year over year, while core CPI is expected near 0.2% monthly and 2.4% annually. Oil prices are above $110 a barrel, and Treasury yields are approaching 5%, adding to the focus on whether inflation remains elevated.