Bitcoin is attempting to stabilize around the $87,000 mark after a choppy week driven by U.S. inflation data, bond-market volatility, and renewed ETF inflows. The hotter-than-expected U.S. PPI print of 2.7% versus the 2.6% forecast triggered sharp swings, briefly pushing BTC toward $85,800 before buyers regained control, maintaining a consolidation band between $86,500 and $87,200.
On the institutional side, spot Bitcoin ETFs recorded two consecutive days of net inflows, adding roughly $180–$220 million this week, helping stabilize sentiment after prior outflows. Derivatives data show open interest rebounding by nearly 4%, indicating fresh positioning as traders anticipate volatility. Bitcoin has managed to keep weekly gains intact, up approximately 1.8% over the past seven days.
Technically, BTC is trading above $87,000 and the 100-hour Simple Moving Average, with a bearish trend line forming resistance at $88,200. The MACD remains in the bullish zone, and the RSI is above 50, suggesting accumulation phase activity. Key support levels are at $86,200 and $85,000, while resistance lies at $89,000 and $90,000. A breakout above $87,800 could propel prices toward $89,500–$90,000, but a loss of support might trigger a slide to $85,500 or lower.
Today's session is crucial, with Bitcoin's direction heavily influenced by macro cues like the U.S. equity open, Treasury yield swings, and ETF inflow data. Weekend liquidity thinning could amplify volatility, making this a key trendsetter for short-term moves.
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