Bitcoin hits $76K after US PPI inflation stays tame: Will BTC hold its gains?

4 hours ago

Bitcoin (BTC) reached monthly highs supra $76,000 connected Tuesday arsenic US ostentation information continued to buoy hazard assets.

Key points:

Bitcoin upside continues arsenic bulls people $76,000 — the highest terms since aboriginal February.
US PPI ostentation remains beneath marketplace expectations contempt the warfare successful Iran having nary extremity successful sight.
Bitcoin traders enactment risk-off connected wide marketplace strength.

Bitcoin tops $76,000 amid fears that “inflation is back”

Data from TradingView showed caller section highs of $76,038 connected Bitstamp — Bitcoin’s champion show since mid-March and connected way to deed a two-month record.

The March people of the Producer Price Index (PPI) came successful beneath expectations contempt the US-Iran war.

“On an unadjusted basis, the scale for last request roseate 4.0 percent for the 12 months ended successful March, the largest 12-month beforehand since expanding 4.7 percent successful February 2023,” an official statement from the US Bureau of Labor Statistics (BLS) noted.

“The March emergence successful last request prices tin beryllium attributed to a 1.6-percent beforehand successful the scale for last request goods. Prices for last request services were unchanged.”

Markets had expected a 4.7% year-on-year increase, with a 1.1% month-on-month leap — but it yet came successful astatine 0.5%.

Despite this, reactions were hawkish, noting that ostentation was showing a wide uptrend overall.

“We are present officially seeing ostentation metrics successful the US that are astatine 4% oregon higher,” trading assets The Kobeissi Letter responded connected X.

“Inflation is back.”

Correspondingly, markets kept bets of interest-rate cuts from the Federal Reserve firmly astatine the extremity of adjacent year, per information from CME Group’s FedWatch Tool.

Bitcoin’s 21-week inclination enactment is simply a enactment successful the sand

Among traders, BTC terms enactment continued to origin suspicion.

CryptoReviewing, the pseudonymous cofounder of the trading assemblage Wealth Capital, noted that the determination to $75,000 had triggered a question of abbreviated liquidations.

— CryptoReviewing (@CryptoReviewing) April 14, 2026

As Cointelegraph reported, marketplace participants had already been gearing up for a abbreviated squeeze, with its terms inactive stuck successful its section range.

“Bitcoin's caller PA hasn't deviated overmuch from what we saw successful 2022,” Keith Alan, cofounder of trading assets Material Indicators, argued connected the day.

“Nothing says that $BTC has to proceed to mimic history, but if it does we should spot terms flirt with the 21-Week Moving Average ~$78.3k.”

Alan said that the inclination enactment would “not beryllium an casual level to break.”

“A rejection from that level would nonstop the Weekly RSI backmost beneath the R/S flip enactment astatine 41, and nonstop BTC to the adjacent limb down,” helium warned, referring to the comparative spot scale (RSI) indicator.

Earlier, Cointelegraph reported connected aboriginal RSI signals regarding a bear-market inclination reversal.

The US transition of the CLARITY Act and the extremity of the warfare successful Iran, connected the different hand, could nonstop Bitcoin backmost toward its yearly unfastened terms of $87,500.

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