Bitcoin slipped under $82,000 on October 14 after the U.S. Bureau of Labor Statistics reported that consumer prices rose 0.6% in September, pushing annual headline inflation to 3.7%. The figure exceeded the 3.6% forecast and marked an increase from 3.4% the previous month. Gasoline prices contributed more than half of the monthly rise, climbing 9.1% over the same period. Core inflation, which excludes food and energy, advanced 0.3% month‑over‑month and 2.6% year‑over‑year. The stronger‑than‑expected inflation reading lifted the two‑year Treasury yield to about 4.9% and the ten‑year yield to roughly 5.3%, while CME FedWatch placed the probability of an October interest‑rate hike between 44% and 49%, up from 22% before the data.

The price drop coincided with a retreat from a daily high above $84,100. TradingView’s daily chart for Binance BTC/USDT recorded Bitcoin at $81,830.60, down 1.61% from the session’s opening price of $83,169.01. The day’s range stretched from $81,588.88 to $84,146.72, with the low touching near $81,589. On the weekly timeframe, Bitcoin stood at $81,910.01, a 2.22% decline from the weekly opening level.

Technical indicators placed Bitcoin below its daily Supertrend line, which sat at $79,663.52. The Supertrend remained beneath the market price, but Aroon readings showed downward momentum: Aroon Down registered 57.14% while Aroon Up was 14.29%, indicating that the most recent 14‑period low occurred more recently than the latest high. The daily session high of $84,146.72 fell within a resistance zone identified by trader Lennart Snyder, who linked the decline to the inflation release and opened a short position near $82,800 shortly after the 9:30 a.m. market open.

Snyder projected downside targets of $81,400 and $80,300 for his short trade, noting that a decisive move above $84,000 or a drop below $80,000 would be required before he considered new long entries. He warned that if Bitcoin fell beneath $80,000, additional support could emerge around $77,000, which he described as a final take‑profit zone for part of the short position.

On the weekly chart, TradingView’s Murrey Math indicator highlighted $75,000 as a strong pivot and $87,500 as the lower boundary of a labeled trading range. Bitcoin’s weekly price of $81,910.01 rested about 9.2% above $75,000 and 6.4% below $87,500. The weekly ADX read 27.16, suggesting moderate trend strength, while the price range over the week extended from $81,033.66 to $84,352.

CoinGlass’s one‑week liquidation heatmap showed concentrated liquidation bands near $84,400–$84,700, above both the current price and the $84,000 resistance level discussed by Snyder. Lower bands appeared around $81,500, $81,000, and $80,300–$80,500, with additional clusters near $79,700–$80,000. Earlier price action had briefly dipped toward $80,300 and $81,000 before rebounding.

The latest decline returned Bitcoin to the upper‑$81,000 region, a level that aligns with several estimated liquidation zones. While overhead clusters remain brighter than the nearby lower bands, Snyder’s $80,300 target sits close to a lower concentration on the heatmap, whereas his $84,000 recovery threshold stays below the brightest overhead cluster.

The article does not constitute investment advice; it is provided for educational purposes only.