TechFlow News, March 12: According to a Cointelegraph report, 21Shares’ market analysts stated that February’s Consumer Price Index (CPI) data aligned with market expectations, and the anticipated rise in March CPI has already been priced in by macroeconomic indicators.
Stephen Coltman, Head of Macro at 21Shares, noted that persistently elevated CPI figures will place greater pressure on the Federal Open Market Committee (FOMC), with attention focused on whether the Federal Reserve adopts a hawkish stance in response to inflationary shocks.
Matt Mena, Crypto Research Strategist at 21Shares, said Bitcoin (BTC) may trade sideways between $68,000 and $74,000 in the near term, but the likelihood of breaking above the $75,000 resistance level is increasing. Once this level is breached, BTC could enter a mid-term consolidation range of $75,000–$80,000. Historical data shows BTC typically rebounds by 15% or more following geopolitical shocks. If the FOMC resumes rate cuts in 2026, this recovery process could accelerate.
