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Bitcoin Faces $80K Breakout or $76K Retest as Pivotal US CPI Looms

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The Story

News Summary

  • Bitcoin trades near $78,000 ahead of the critical August CPI inflation report.
  • A cooler reading could drive prices through $80,000 resistance toward $83,000, while a hotter print driven by surging energy costs risks triggering a drop toward the $76,000 support level.
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