Bitcoin News Today — BTC Rockets to ~$112K After Soft U.S. CPI, Stocks Hit New Highs

🔍 The Headlines

Bitcoin surged to around $112,000 after the U.S. September Consumer Price Index (CPI) came in slightly below expectations. �

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At the same time, the S&P 500 struck fresh all-time highs as expectations of future rate cuts picked up pace. �

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📊 Key Context & Takeaways

The cooler-than-expected inflation print supports the idea that the Federal Reserve could reduce interest rates, which usually boosts risk assets like stocks and crypto. �

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Despite the jump to ~$112K, Bitcoin faced resistance around that level, and the move was short-lived as liquidity is thin and selling pressure remains. �

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Analysts highlight key technical levels: Bitcoin is bouncing off its 200-day EMA, but must reclaim the 21-day and 55-day EMAs to signal a stronger breakout. Resistance remains at ~$112K, with support around ~$110K–$109K. �

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💡 Why This Matters

A breakout above ~$112K could open the door toward higher levels and potentially trigger a broader rally across crypto.

On the flip side, failure to hold support around ~$109K–$110K could usher in a pullback given current liquidity constraints.

The macro picture remains supportive (looser policy, higher risk appetite), but crypto remains more fragile than equities due to thin order books and higher leverage.

✅ Bottom Line

Bitcoin is flirting with a breakout, buoyed by positive macro signals. But the move comes with caution: major resistance remains, and the market’s ability to maintain momentum will depend on follow-through from both macro and crypto-specific catalysts.

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