On February 12 and 13, 2025 will remain marked as two particularly difficult days for Bitcoin, which had to face a double bad news on the front of American inflation. The queen of cryptos, who had already dropped under 95,000 dollars on Wednesday, continues to fight to maintain this critical level.
Inflation that destabilizes the market
Wednesday, February 12, had already set the tone with a monthly consumer price index (IPC) of 0.5 %, or 0.2 % above expectations.
Today, the production price index (PPI) drives the point home with an increase of 0.4 % over the month and 3.5 % over the year, again exceeding the expectations of analysts who were tabling on 0 , 3 % and 3.2 % respectively.
On the Binance platform, the world's leading world purse, an intense battle is played out between buyers and sellers. THE data De Correglass reveal a concentration of purchase orders around 95,000 dollars, while significant resistance forms around $ 97,000.
According to analyst SKEW, although the selling pressure is present, it is not considered “significant ” For now. However, leverage traders continue to liquidate their long positions in the face of the down pressure.
The political impact on the course of Bitcoin
Market attention is now turning to Donald Trump's reaction to this inflationary thrust. The QCP Capital analysis company underlines the contrast between two positions: on the one hand, Jerome Powell, the president of the Federal Reserve, maintains a firm position against inflation, on the other, Trump claims a drop in rates of 'interest.
The probabilities of a drop in rates by the Fed in March fall asleep. The CME Group's Fedwatch tool only indicates 2.5 % chance for a reduction of 0.25 % at the next meeting.
Some analysts, such as Castillo Trading, remain optimistic and do not exclude a bitcoin rebound to 104,000 dollars, level corresponding to the control point on the Bitmex UN Market. Nevertheless, they advise patience in this context of uncertainty.
The Bitcoin situation therefore remains delicate, wedged between inflationary pressures and American political issues. The next few weeks will be crucial to determine if the cryptocurrency can maintain its current level or if it will give in to the down pressure announced by certain traders.
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