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Joe Consorti: CPI inflation exceeds expectations for October as Bitcoin falls to 200-day MA near $73.1k

Joe Consorti: CPI inflation exceeds expectations for October as Bitcoin falls to 200-day MA near $73.1k
Bitcoin drops to 200-day MA after CPI

Consumer Price Index (CPI) inflation came in hotter than anticipated for October. Bitcoin has now declined to its 200-day moving average, trading at approximately $73,100.

Joe Consorti shared these observations, highlighting both the inflation data and Bitcoin's technical move.

Consorti previously highlighted the S&P 500’s largest single-day loss, when approximately $3 trillion was erased from the index’s value in a prior report. He has also commented on falling AI costs and the record-high $1.1 trillion in debt interest faced by the government as another challenge. These incidents show Consorti’s ongoing focus on major market and macroeconomic pressures.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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