The crypto prices have dumped and pumped on the day of the CPI announcement, with Elon Musk's $20k Bitcoin call coming into play.

The crypto prices have dumped and pumped on the day of the CPI announcement, with Elon Musk's $20k Bitcoin call coming into play.

After briefly dipping below $18,000 on CPI day, the Bitcoin price quickly recovered and is now trading around the $19,000 level. This sharp rebound suggests that there is still strong demand for

Inflation in the United States rose more than expected in the month of September, according to data released by the U.S. Bureau of Labor Statistics. The Consumer Price Index

The Bitcoin price is now down by only 1% or less in the past day, as it attempts to reclaim the four hour trendline that it lost earlier today. Before the CPI print, traders derisk

Bitcoin is currently outperforming stocks in terms of relative strength. The S&P 500 hit a low of 3,491 on CPI day before also recovering well - bouncing as high as 3,660.

Elon Musk, the billionaire CEO of Tesla and SpaceX, tweeted late last night that he expects the Bitcoin price to recover to the $20,000 psychological support area in the short term. Musk has been a vocal supporter of Bitcoin and cryptocurrencies in

Elon Musk's recent tweets about Bitcoin and Dogecoin may have helped boost the prices of both cryptocurrencies. On May 12th, Musk tweeted about Bitcoin's

If Bitcoin can reclaim the trendline on the Bitcoin price chart above, price targets such as $21,500 could come into play. The trendline in question is the

The current range for Bitcoin is $24,300 to $25,200 based on the weekly candle close and wicks. This high range is

Bitcoin bull and former Bitmex leaderboard trader Chimpzoo is expecting the Bitcoin price to hold above $19,000 in the short-term.

Some market commentators are expecting a strong move to the upside for Bitcoin, even if it is just a bear market rally. This is based on reports of targets like DonAlt's $29

Bluntz is a popular crypto trader who is expecting more range bound action for the remainder of the year and potentially well into 2023. He believes

One way to navigate the choppy and unpredictable waters of the cryptocurrency market is to invest in new token presales. By getting in on the ground floor of a new project, you

IMPT token, a new cryptocurrency presale, has raised $4 million in initial seed round funding. The project has seen strong

If you're looking for a new and exciting way to

Related news
This Green Crypto That Has Raised Over $2.1 Million This Week – Is It the Best Presale of 2022?
This Green Crypto That Has Raised Over $2.1 Million This Week – Is It the Best Presale of 2022?
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews
Uptober is back and CryptoKaleo is predicting that the Bitcoin price will flip green for the month.
Uptober is back and CryptoKaleo is predicting that the Bitcoin price will flip green for the month.
Trader CryptoKaleo tweeted 'Uptober is back' to his half a million followers as the Bitcoin price pumped back over $19,500 today - recovering the weekly and monthly open
Continues

Bitcoin and Ethereum are eyeing a recovery, EOS and CHZ rally continues.
Continues Bitcoin and Ethereum are eyeing a recovery, EOS and CHZ rally continues.
Bitcoin price started a consolidation phase after a strong decline to USD 21,000
The prices of Bitcoin and Ethereum are gaining strength, and LUNC and LUNA are rallying.
The prices of Bitcoin and Ethereum are gaining strength, and LUNC and LUNA are rallying.
If the bulls remain in action, the price could surge towards the $20,500 level
The consolidation of Bitcoin prices and Ethereum in spite of a broader US dollar rally.
The consolidation of Bitcoin prices and Ethereum in spite of a broader US dollar rally.
To start a fresh increase, the bulls need to gain strength for a move above the $19,500 resistance zone