- Bitcoin fell below $81,000 as U.S. annual inflation reached 3.7%.
- Crypto Patel’s 70,000–65,000 scenario requires a confirmed breakdown below $80,108.
- Daan Crypto highlights 72,000–75,000 support and a potential breakout above $87,000.
Bitcoin price slipped below $81,000 on October 15 as rising U.S. inflation strengthened expectations of another Federal Reserve rate increase. At 5:50 AM UTC, BTC traded near $80,850, down roughly 3.2% over 24 hours, according to reported CoinGecko data. Analysts are watching whether support around $80,000 holds, with deeper downside scenarios dependent on a confirmed breakdown.
Bitcoin price faces pressure as inflation climbs to 3.7%
The Bureau of Labor Statistics reported that September consumer prices rose 0.6% monthly and 3.7% annually. Annual inflation increased from 3.4% in August, while core inflation reached 2.6%.
Gasoline prices jumped 9.1%, accounting for more than half the monthly headline increase. Shelter costs rose 0.4%, adding another source of price pressure.
Traders subsequently priced roughly even odds of a rate increase at the October 27–28 meeting. The Fed had already raised its target range to 3.75%–4.00% in September.
For Bitcoin price, that shift creates a tougher backdrop for recovery. Higher interest rates can reduce demand for speculative assets, while forced liquidations can intensify declines.
Bitcoin price scenarios span $65K risk and $87K breakout
In an X post, Crypto Patel highlighted $80,108 as a critical level on a higher-timeframe chart. He said a decisive break followed by a confirmed candle close below it could expose the $70,000–$65,000 zone.
That Bitcoin price scenario remains conditional, rather than evidence that a drop to $65,000 is inevitable. Patel cited a move from $87,360 to $80,200, which represents approximately 8.2%, despite labeling it 7.5%.
Daan Crypto Trades separately identified $72,000–$75,000 as a potential support region. He cited the bull market support band, a previous range boundary, Fibonacci levels and daily 200-period moving averages.
Daan stressed that he could not know whether or when the market would test that area. Overlapping indicators identify a region to monitor, but do not establish that buyers will defend it.
His upside scenario centers on $87,000, which he described as a major liquidity area. A break above that level could trigger a squeeze toward the high $90,000s.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
