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Bitcoin Falls to $79,800 on CPI Data, Recovers to $80,000; Analysts Eye $85,000 Target

GateNews

Price Prediction Market Analysis Price Volatility Stocks bitcoin news

2026-05-13 19:01:57

According to analysts Michaël van de Poppe and FxPro Chief Market Analyst Alex Kuptsikevich, Bitcoin (BTC) fell to approximately $79,800 yesterday following better-than-expected US Consumer Price Index (CPI) data, but quickly recovered above the $80,000 level. Van de Poppe stated there is no clear reason for BTC to fall and identified the next target as $85,000 to $88,000, citing sustained buying pressure and successful breakouts above key resistance levels. Kuptsikevich noted that while short-term upward momentum has slowed near the 200-day moving average ($82,500), the recent correction represents a consolidation period rather than a trend reversal.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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