Bitcoin (BTC<\/a>) gained at Friday\u2019s Wall Street open as a fresh US inflation surprise boosted the mood.<\/p>\n Key points:<\/strong><\/p>\n Bitcoin price action heads toward key resistance after US CPI inflation data cools beyond expectations.<\/p>\n<\/li>\n Crypto becomes a standout on the day as macro assets see a cool reaction to slowing inflation.<\/p>\n<\/li>\n Traders stay wary on overall BTC price strength.<\/p>\n<\/li>\n<\/ul>\n Data from TradingView<\/a> showed up to 4% daily BTC price gains at the time of writing, with BTC\/USD reaching $69,190 on Bitstamp.<\/p>\n The renewed upside came after the January print of the US Consumer Price Index (CPI) fell short of expectations.<\/p>\n As confirmed by the Bureau of Labor Statistics (BLS<\/a>), core CPI matched estimates of 2.5%, while the broader reading was 2.4% \u2014\u00a00.1% lower than anticipated.<\/p>\n Reacting, trading resource The Kobeissi Letter noted that CPI inflation was now at multiyear lows.<\/p>\n \u201cCore CPI inflation is now at its lowest level since March 2021,\u201d it wrote<\/a> in a post on X.\u00a0<\/p>\n \u201cOdds of further interest rate cuts are back on the rise.\u201d<\/p><\/blockquote>\n Kobeissi referred to the prospects of the Federal Reserve cutting interest rates at its next meeting in March. As Cointelegraph reported<\/a>, market expectations of such an outcome were previously at rock bottom, not helped by strong labor-market performance.<\/p>\n After the CPI release, odds of a minimal 0.25% cut remained at less than 10%, per data from CME Group\u2019s FedWatch Tool<\/a>.<\/p>\n Continuing, Andre Dragosch, European head of research at crypto asset manager Bitwise, argued that when viewed through the lens of Truflation, an alternative inflation meter, the CPI drop was \u201cnot really a surprise.\u201d<\/p>\n \ud83d\udcccRE: CPI Release<\/p>\n Not really a surprise there if you have been following the @truflation<\/a> CPI number which has plummeted sub-1% already…<\/p>\n IYKYK pic.twitter.com\/GPEUqaSNZI<\/a><\/p>\n \u2014 Andr\u00e9 Dragosch, PhD\u26a1 (@Andre_Dragosch) February 13, 2026<\/a><\/p><\/blockquote>\n Elsewhere on macro, gold attempted to reclaim the $5,000 per ounce mark, while the US dollar index (DXY) sought a recovery after an initial CPI drop to 96.8.<\/p>\n US stocks, on the other hand, failed to copy Bitcoin\u2019s enthusiasm, trading modestly down on the day at the time of writing.<\/p>\n Considering the outlook for BTC price action, market participants had little reason to alter their cautious positions<\/a>.<\/p>\n Related: <\/strong><\/em>Binance teases Bitcoin bullish ‘shift’ as crypto sentiment hits record low<\/strong><\/em><\/a><\/p>\n \u201c$BTC Still consolidating in this falling wedge,\u201d trader Daan Crypto Trades wrote in his latest X update<\/a>.\u00a0<\/p>\n \u201cAttempted a break out yesterday but got slammed back down at the $68K level. That’s the area to watch if this wants to see another leg up at some point.\u201d<\/p><\/blockquote>\n Earlier, Cointelegraph reported<\/a> on the significance of the $68,000-$69,000 zone, which plays host to both the old 2021 all-time high and Bitcoin\u2019s 200-week exponential moving average (EMA).<\/p>\n \u201cWhether you like it or not: Bitcoin remains to be in an area where I think that we’ll see a higher low come in,\u201d crypto trader, analyst and entrepreneur Micha\u00ebl van de Poppe predicted in his own forecast<\/a>.\u00a0<\/p>\n \u201cIt’s fragile, for sure, but it doesn’t mean that we’re not going to be seeing some momentum coming in from the markets.\u201d<\/p><\/blockquote>\n <\/div>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.<\/span><\/p>\n\n
Bitcoin spikes on soft January CPI data<\/h2>\n
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Analyst eyes current range for BTC price higher low<\/h2>\n
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