At press time, the Bitcoin price was trading at $81,266.00 and has dropped by 2.5% in the past 24 hours with the market capitalization of $1.633T. During the CPI data release on Oct. 14, Bitcoin dropped by $1,000 within a few seconds just after the CPI news circulated. Since then, BTC has kept falling and dropped by 3.77% that day.
Amid this fall, the Bitcoin price has grabbed the liquidity from the previous week’s low. During the liquidity sweep, the trading volume increased sharply and the BTC price surged by 1.34% in a day. According to the technical analysis, BTC price can remain bullish for the next few days as it has grabbed the liquidity beneath the $80,352 level.