Following a favorable Consumer Price Index (CPI) report, Bitcoin’s price increased by 3%. Analysts suggest a likelihood of liquidations over 300 million USD in short positions if the price rises above 85,000 USD, with critical liquidity clusters around 84,000-85,000 USD.

Despite some analysts predicting downward movement before a potential upswing, divergence in trading behavior on Binance versus Coinbase might hinder Bitcoin’s momentum. For Bitcoin to hit significant resistance levels at 90,000 USD and 95,000 USD, synchronized trading activity between exchanges is essential.