I woke up this morning expecting Bitcoin to get slapped. March CPI came in hotter than the street wanted. Inflation sticky, yields twitching, the whole macro setup pointing south. And BTC just… didn’t care.
Price pushed through $72,800 overnight and tagged $73,500 earlier today before pulling back a tick. As I write this it’s sitting around $72,885 with decent volume behind it. That tells me something.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
Is Bitcoin a Good Buy Despite High Inflation?
Right now, yes – and the market is telling you why. When bad macro data drops and BTC holds its bid instead of flushing, that’s absorption. Sellers tried, buyers ate it up. I’ve seen this pattern before and it usually precedes a leg higher, not a dump.
Price is trading in a Channel Down pattern. It’s also been consolidating in a range ($66K – $75K), which could be forming a bullish trend reversal after a months of Downtrend. Momentum (MACD, RSI) has inflected bullish and price could revisit $75K resistance near-term.
TD Cowen just reiterated a $140K target for late 2026 and called BTC digital gold. I don’t chase price targets from banks but I pay attention when the narrative aligns with the tape.
Why Is BTC Pumping After CPI?
Because the market is front-running rate cuts that haven’t happened yet. Traders on Kraken in the US and Binance globally are positioning for a second-half pivot from the Fed. Hot CPI delays the timeline but doesn’t kill the thesis.
Meanwhile BTC dominance is above 57% which tells me money is rotating into the big dog, not into alts. If you’re watching on WazirX in India or CoinDCX, you’ll see the same thing on the INR pairs.
What Is the Bitcoin Fear and Greed Index Today?
Extreme fear. The index is sitting at 25 which is wild considering price is near multi-week highs. That disconnect between sentiment and price action is exactly what I like.
Retail is scared, smart money is buying. Traders on Upbit in South Korea and Luno across Nigeria and South Africa are seeing similar order book depth on the bid side. Fear readings this low with price this high usually don’t last.
Should I Trade BTC or ETH Today?
BTC, easily. ETH had a decent 2.3% pop back above $2,200 but the Ethereum Foundation just dumped another 5,000 ETH for stablecoins. That’s not the kind of confidence signal I want from the home team. BTC has cleaner structure, stronger dominance, and institutional bids underneath.
My Trade Setup
Long BTC spot or low-leverage perp. Entry zone: $72,400–$72,900 on any pullback to the Asian session VWAP. Target 1 is $74,800 and Target 2 is $76,200 if momentum holds through the weekend. Stop loss below $71,200 – if it loses that level the thesis is busted and I’m flat.
Market cap is $2.55 trillion. Volume is $89 billion and dropping slightly from yesterday’s $95 billion. That’s normal consolidation, not distribution. I’m positioned and I’m patient.
This is my money on the line. Not financial advice. Manage your risk.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
