Bitcoin Awaits Breakout as Softer Inflation Lifts Market Sentiment
The post Bitcoin Awaits Breakout as Softer Inflation Lifts Market Sentiment appeared on BitcoinEthereumNews.com.
Bitcoin A softer U.S. inflation reading has reignited optimism in global markets, with data from CryptoQuant and Glassnode suggesting that investors are slowly warming back up to risk assets. However, Bitcoin’s recent performance shows that the market remains cautious, oscillating between well-defined technical boundaries as traders await stronger confirmation of trend direction. Market Sentiment Turns Optimistic After Inflation Data The September Consumer Price Index (CPI) increased by just 0.3%, slightly below market expectations and signaling that price pressures are easing. The modest reading boosted hopes that the Federal Reserve might eventually ease its monetary stance, igniting rallies across equities. Both the S&P 500 and Nasdaq Composite surged to new highs as risk appetite returned to the forefront. According to blockchain analytics firm CryptoQuant, the CPI data helped set a more positive tone across global markets. The firm described the reaction as a “fast adjustment followed by realignment,” where traders initially pushed prices higher before settling into a more cautious consolidation phase. While the broader environment has become more favorable for risk-taking, Bitcoin continues to lag behind equities in momentum. CryptoQuant noted that “risk appetite is returning,” but much of it remains concentrated in traditional markets, suggesting that crypto investors are still waiting for more decisive macro or liquidity signals before committing fresh capital. Glassnode Data Highlights Bitcoin’s Key Price Zones Technical data from Glassnode, shared by crypto analyst Ali Martinez, reinforces Bitcoin’s current state of equilibrium. Using the Cost Basis Distribution Heatmap, Martinez identified $111,160 as a major support zone, while $117,630 stands as critical resistance. These levels represent areas of concentrated buying and selling activity, effectively forming the boundaries of Bitcoin’s current range. For Bitcoin $BTC, $111,160 acts as key support while $117,630 remains the resistance to break for bullish continuation. pic.twitter.com/cRqVDrmdiZ — Ali (@ali_charts) October 28, 2025 A…
Filed under: News - @ October 29, 2025 5:24 am