Bitcoin Price: Analyst Eyes $85K Amid US PPI Inflation Data

Key Insights:

• Bitcoin price shows a setup for a potential surge above the $80,000 level.
• BTC crypto price just reclaimed the $75,000 mark on Tuesday.
• The bullish analyst predictions come amid a lower-than-expected US PPI inflation data.

Bitcoin price broke above the $75,000 level amid favorable US PPI inflation data. Hence, analysts are increasingly hopeful that BTC will rebound to the $80,000-85,000 range.

US PPI Inflation Data Comes in Lower Than Estimate

The U.S. Bureau of Labor Statistics reported that the Producer Price Index (PPI) in final demand increased by 0.5% in March. The figure was well below the 1.1% consensus estimate.

Moreover, PPI rose 4.0% on an annual basis, which also fell short of the consensus expectation of a 4.7% rise. Core PPI did not change, remaining at 3.8%. The milder-than-expected inflation rate indicator was an indicator of easing price pressures in the U.S. economy. It usually favors risk assets like cryptocurrencies and could boost Bitcoin price.

Snapshot of US PPI inflation data | Source: U.S. Bureau of Labor Statistics

Lower-than-expected inflation data could influence the Federal Reserve’s monetary policy. Such a rate of inflation may reduce the need for the Federal Reserve to tighten policy. It could enhance the U.S. liquidity situation.

The crypto market is more likely to respond positively to looser financial conditions. The market continued its upsurge as Bitcoin price sustained above $75,000.

Will Bitcoin Price Hit $80,000?

Analyst Michaël van de Poppe believes Bitcoin is poised for a breakout. He wrote, “#Bitcoin aims to attack the highs and is consolidating around $75K,” he wrote. He further added that a decisive move up would lead to a rapid rise.

Poppe remarked: “If it blasts through $75K with volume, we’ll be in for $80-85K this month, as that’s where the higher timeframe resistances are.”

Bitcoin price chart analysis | Source: Michaël van de Poppe

The chart provided by Poppe depicted the current Bitcoin price structure after a steep fall at the beginning of 2026. It indicated an impressive recovery from the $65,000 area, which now acts as a major support level.

For context, the rebound comes following the intense sales pressure in late January. Since then, Bitcoin price action has been able to set higher lows. That hints at a slow recovery trend.

One of the main levels identified on the chart was $72,000, which acts as immediate support for Bitcoin price. It is a “critical area to hold” for BTC price, as a breakdown could lead to massive losses.

On the contrary, sustaining this level is important in maintaining bullish momentum. “If $72K holds as support, I would suggest that the chances of seeing $80K this month have increased to 70%,” Poppe stated.

On the positive side, the chart shows that the $80,000-$85,000 range acts as the next resistance zone. The area is crucial for Bitcoin price as selling pressure may increase in this zone if BTC keeps soaring. The analyst identified $79,000 as the immediate resistance for BTC and noted that liquidity could be concentrated in that area.

What’s Next for Altcoins and the Crypto Market?

In addition to Bitcoin price potential, Poppe pointed to the possibility that the market’s strength could also boost altcoins. “If that happens, the beta on #Altcoins is likely 2-3, which means: 10% move on #Bitcoin, 20-30% or even higher move on #Altcoins,” he noted.

Favorable macroeconomic developments have been paired with the buildup of technical structure, putting BTC at a critical point. Moreover, the optimism around the revival of US-Iran peace talks has fueled the crypto market rally. In addition, institutional buying from MicroStrategy bolstered the bullish narrative.

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