WATCH: Bitcoin Brutalized After August CPI Data Release | BTCUSD September 13, 2022

WATCH: Bitcoin Brutalized After August CPI Data Release | BTCUSD September 13, 2022


In this episode of NewsBTC’s daily technical analysis videos, we take a look at Bitcoin price action following today’s selloff in reaction to August CPI numbers.

Take a look at the video below:

VIDEO: Bitcoin Price Analysis (BTCUSD): September 13, 2022

Today just so happened to be August CPI numbers release day, so volatility was expected all around. The Consumer Price Index went up by 0.1% month over month from July, leading to an immediate selloff in anything that wasn’t the dollar.

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BTCUSD Buy Signals At Risk After CPI Selloff

The selloff really was immediate. When looking at the one-minute candle, Bitcoin lost over 6% in value in a minute or two. Sell orders executed within seconds of CPI numbers being released.

The selloff is notable

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