Bitcoin Stalls Near $79,500 Ahead of U.S. Inflation Data

Short-Term Dynamics Bitcoin continues to trade just below the $79,500 resistance level ahead of the U.S.
inflation data release this week.
The price is hovering around $78,650, and a pullback to $70,500 could drag the market into uncertainty.
Until the $79,500 zone is broken, buyers lack a clear direction; if it falls, $70,500 emerges as the first local support.
Long-Term Scenarios If Bitcoin stays above $79,500, the $82,000 level could be tested again.
A decline would leave the $63,000–71,000 range as a critical support zone, while a $120,000 target remains uncertain.
Macro Economic Developments Oil prices are approaching $100 per barrel, and consumer inflation data is awaited.
This could increase volatility in risk assets.
Bitcoin’s short-term move could open the path to $82,000 if it stays above $79,500; otherwise, the $70,500, $67,200, and $63,000 levels will be monitored as support.
This news does not constitute investment advice and reminds readers that cryptocurrencies carry high volatility and risk.