Bitcoin (CRYPTO:BTC) moved towards the $92,000 level at the Wall Street open after US inflation data came in slightly below expectations, lifting broader risk sentiment.
Data from TradingView showed Bitcoin gaining around 1.5% following the release of the December 2025 Consumer Price Index figures.
The US Consumer Price Index rose 2.7% year on year, matching forecasts, while core inflation slowed to 2.6%, according to the Bureau of Labor Statistics.
The all items index rose 2.7 percent for the 12 months ending December, the same increase as over the 12 months ending November.
The Bureau of Labor Statistics said.
US equity markets reacted immediately, with the S&P 500 pushing to fresh all-time highs during the session.
Both headline and core CPI inflation were FLAT in December.
The Kobeissi Letter said.
The inflation print reinforced expectations that the Federal Reserve will keep interest rates unchanged at its next policy meeting later this month.
Market observers noted growing tension between the central bank and the White House over the pace of potential rate cuts.
President Donald Trump renewed calls for lower interest rates following the CPI release, arguing that easing monetary policy would support growth.
Trump also pointed to US trade tariffs as a factor helping to slow inflation, despite ongoing legal challenges around their implementation.
Bitcoin traders cautioned that a sustained breakout would require significant buying pressure given recent price behaviour.
As Bitcoin approached the $93,000 area, analysts highlighted strong resistance zones based on volume-weighted average price indicators.
The chop from the past few days has made it so there's some decent liquidity built up on both sides.
Daan Crypto Trades said.
Above, $92.6K to $94K is the area to watch, while below $89.8K to $88.7K remains a large liquidity zone.
Daan Crypto Trades said.
Market data showed heightened derivatives activity, reflecting growing trader interest around the current price range.
Figures from CoinGlass placed total crypto liquidations over the past 24 hours at close to $170 million.
Analysts suggested the tight $90,000 to $92,000 trading range is unlikely to persist for much longer given rising volatility.
No doubt that this current range won’t last much longer.
Daan Crypto Trades added.
At the time of reporting, Bitcoin price was $92,170.17.