The post Expert Examines if Bitcoin Price Can Sustain Triangle Breakout? appeared on BitcoinEthereumNews.com. The U.S. Bureau of Labor Statistics (BLS) is slated to release the Consumer Price Index (CPI) data for August, one of the most widely followed inflation gauges for the U.S. Federal Reserve. While traders actively await the release of the CPI print, the broader crypto market has already recovered with Bitcoin price holding above the $114K level. US CPI Estimates by Wall Street Giants After Wednesday’s PPI data showed inflation cooled to 2.6%, the crypto market now awaits the key Consumer Price Index data later today for further cues on direction as uncertainty and volatility rise. Economists expect the monthly CPI to come in at 0.3%, slightly above July’s 0.2% print. The slight increase would make headline CPI inflation rise to 2.9%, after 2.7% in both June and July. Economists based their reasoning on the higher import tariffs, along with rising gasoline and supermarket costs. Meanwhile, the core CPI is projected to rise 0.3% month-on-month, the same as in the previous month. The market is projecting the annual core CPI to remain steady at 3.1%. The Wall Street Journal’s Nick Timiraos said the median of 18 Wall Street giants’ expectations showed the consumer price index rising 0.32%, holding the 12-month rate steady at 3.1%. The highest estimate of 0.36% was from Goldman Sachs, Citadel Securities, and Pantheon Macroeconomics. Besides, the median estimate for headline CPI is 0.36%, corresponding to 2.9% YoY. Bank of America, Barclays, BNP Paribas, Citigroup, Deutsche Bank, Employ America, First Trust, Goldman Sachs, JPMorgan, Moody’s, Morgan Stanley, Nomura, TD Securities, UBS, and Wells Fargo expect the annual CPI to come in at 2.9%. Wall Street CPI Estimates. Source: Nick Timiroas Expert Weighs on Bitcoin Price Holding Triangle Breakout Most traders appeared overly focused on downside risk in Bitcoin this month due to historical seasonality. The sentiment is… The post Expert Examines if Bitcoin Price Can Sustain Triangle Breakout? appeared on BitcoinEthereumNews.com. The U.S. Bureau of Labor Statistics (BLS) is slated to release the Consumer Price Index (CPI) data for August, one of the most widely followed inflation gauges for the U.S. Federal Reserve. While traders actively await the release of the CPI print, the broader crypto market has already recovered with Bitcoin price holding above the $114K level. US CPI Estimates by Wall Street Giants After Wednesday’s PPI data showed inflation cooled to 2.6%, the crypto market now awaits the key Consumer Price Index data later today for further cues on direction as uncertainty and volatility rise. Economists expect the monthly CPI to come in at 0.3%, slightly above July’s 0.2% print. The slight increase would make headline CPI inflation rise to 2.9%, after 2.7% in both June and July. Economists based their reasoning on the higher import tariffs, along with rising gasoline and supermarket costs. Meanwhile, the core CPI is projected to rise 0.3% month-on-month, the same as in the previous month. The market is projecting the annual core CPI to remain steady at 3.1%. The Wall Street Journal’s Nick Timiraos said the median of 18 Wall Street giants’ expectations showed the consumer price index rising 0.32%, holding the 12-month rate steady at 3.1%. The highest estimate of 0.36% was from Goldman Sachs, Citadel Securities, and Pantheon Macroeconomics. Besides, the median estimate for headline CPI is 0.36%, corresponding to 2.9% YoY. Bank of America, Barclays, BNP Paribas, Citigroup, Deutsche Bank, Employ America, First Trust, Goldman Sachs, JPMorgan, Moody’s, Morgan Stanley, Nomura, TD Securities, UBS, and Wells Fargo expect the annual CPI to come in at 2.9%. Wall Street CPI Estimates. Source: Nick Timiroas Expert Weighs on Bitcoin Price Holding Triangle Breakout Most traders appeared overly focused on downside risk in Bitcoin this month due to historical seasonality. The sentiment is…