TechFlow News, May 13: According to analysis by QCP Capital, BTC is currently consolidating near $82,000—close to its 200-day moving average. The $80,000 support level remains temporarily stable, though the resistance level at $84,000 has yet to be breached. April’s core CPI rose 2.8% year-on-year, slightly above expectations, driven primarily by housing costs (owners’ equivalent rent); core goods inflation remains subdued, and tariff-related price pressures have not yet fully disseminated.
Core services inflation (excluding housing) has accelerated for three consecutive months. Coupled with China’s PPI turning positive for the first time in 41 months, the global deflationary tailwind for commodities may be fading, further raising the bar for Fed rate cuts. Markets are now focused on three key catalysts: the Beijing meeting between Donald Trump and Xi Jinping (covering trade, rare earths, and Middle East issues), the upcoming PPI data release, and the U.S. Senate Banking Committee’s deliberation process on the CLARITY crypto regulatory bill. Until these catalysts materialize, spot prices may continue trading sideways within a range, with volatility remaining low.
