{"id":441856,"date":"2026-11-11T00:40:10","date_gmt":"2026-11-10T17:40:10","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/bitcoin-tests-its-200-day-moving-average-after-hotter-us-cpi-data-441856\/"},"modified":"2026-11-11T00:40:10","modified_gmt":"2026-11-10T17:40:10","slug":"bitcoin-tests-its-200-day-moving-average-after-hotter-us-cpi-data","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/bitcoin-tests-its-200-day-moving-average-after-hotter-us-cpi-data-441856\/","title":{"rendered":"Bitcoin tests its 200 day moving average after hotter US CPI data"},"content":{"rendered":"
\n

Hotter CPI gives Bitcoin sellers another push<\/p>\n

Bitcoin was trading near $74,300 ahead of the US CPI release and fell to around $73,500 in the minutes that followed. That put it down about 2% from Monday\u2019s close in early US trading.<\/p>\n

Headline CPI rose 0.4% versus 0.3% expected, while core CPI rose 0.3% versus 0.2% expected. The market was already pricing in a 25-basis-point hike in December, and the stronger numbers brought a 50-basis-point move more into play. The US 2-year yield rose about 19 basis points to 4.74%, the 10-year yield climbed 13 basis points to 4.991%, and the dollar moved higher. That combination added to the pressure on Bitcoin.<\/p>\n

ETF outflows had already put Bitcoin on the defensive<\/p>\n

US spot Bitcoin ETFs recorded $201 million in net outflows on Monday, the third straight session of withdrawals. Sellers already had the upper hand heading into the CPI release.<\/p>\n

The 200-day moving average is the barometer<\/p>\n<\/p>\n

Recall that Bitcoin came within a few hundred dollars of its 200-day moving average on both Sunday and Monday. The price bounced on Monday, but that rally had a limit. It stalled near $75,480, inside the swing area between $74,925 and $76,052.<\/p>\n

Today\u2019s rotation lower has taken Bitcoin above and below its 200-day moving average at $73,134. The price reached a low of $72,787 and is trading at $73,092 at the time of writing, just below the moving average.<\/p>\n

If buyers can get and stay back above $73,134, they would take some of the immediate pressure off. From there, the next upside target is $74,925, the lower end of the swing area where Monday\u2019s rally stalled.<\/p>\n

What would give sellers more control?<\/p>\n

The next downside target is $72,554, the 50% midpoint of the rally from the early July low to the September high. If sellers can keep the price below the 200-day moving average and get and stay below that midpoint, they would have more control.<\/p>\n

Below the midpoint, there is little obvious support before the 61.8% retracement at $69,057.<\/p>\n

In the video above, I walk through the technicals driving Bitcoin and outline the levels buyers and sellers are watching next.<\/p>\n<\/p>\n

Trading education. Watch what happens after the break<\/p>\n

When the price keeps crossing a moving average, the next retest can tell you which side is gaining control. If a bounce stalls below $73,134, sellers have a nearby level to lean against while they look for a test of $72,554. If buyers reclaim the moving average and hold it on a pullback, the move below it starts to look like a failed break. Either way, the retest gives traders a clear level for defining risk.<\/p>\n

This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Hotter CPI gives Bitcoin sellers another push Bitcoin was trading near $74,300 ahead of the US CPI release and fell to around $73,500 in the minutes that followed. That put it down…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441856","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441856"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441856\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}