Bitcoin BTC/USD considers a march towards the $100,000 mark after IPC data in line with market expectations.
What happened: The report reignited optimism in markets, with the S&P 500 index – as tracked by the SPDR S&P 500 ETF Trust SPY – gaining 1.7%.
The main cryptocurrencies have experienced widespread growth:
| Cryptocurrency | Price | Earnings +/- |
| Bitcoin BTC/USD | $99,251.48 | +2.6% |
| Ethereum ETH/USD | $3,304.57 | +3.1% |
| Solana SOL/USD | $194.45 | +4% |
| XRP XRP/USD | $2.97 | +15.4% |
| Dogecoin DOGE/USD | $0.367 | +4.6% |
| Shiba Inu SHIB/USD | $0.00002198 | +2.4% |
Trader Notes: Alouette Davisa Bitcoin investor and entrepreneur, noted that Bitcoin “loves” published macroeconomic data.
Prominent technical analyst Kevin observed that falling CPI numbers reduced yields and the strength of the dollar, thereby increasing asset prices.
He remains cautious about the sustainability of this trend.
Economist Robin Brooks commented on the benign core CPI result for December, with underlying inflation tendency at 0.25% from one month to the next.
It expects a temporary increase in the first quarter of 2025 due to seasonal price revisions, echo trends observed in early 2023 and 2024.
What’s next: Crypto trader Jelle now marks $97,000, turning into support and with prices pushing towards $100,000, he concluded “Break that, and all bets are off.”
Glass knot data highlighted that BTC price action validated two key levels signaled by on-chain data.
It sees support at $89,000, which matches the price realized by the short-term holder ($88,500).
Resistance is below $98,000, which is the highest accumulation level above the spot.
As Bitcoin approaches the psychological barrier of $100,000, the market remains divided on whether the rally will be sustainable.
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