{"id":71925,"date":"2026-04-15T09:15:03","date_gmt":"2026-04-15T02:15:03","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-hits-76k-after-us-ppi-inflation-stays-tame-will-btc-hold-its-gains\/"},"modified":"2026-04-15T09:15:03","modified_gmt":"2026-04-15T02:15:03","slug":"bitcoin-hits-76k-after-us-ppi-inflation-stays-tame-will-btc-hold-its-gains","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoin-hits-76k-after-us-ppi-inflation-stays-tame-will-btc-hold-its-gains\/","title":{"rendered":"Bitcoin hits $76K after US PPI inflation stays tame: Will BTC hold its gains?"},"content":{"rendered":"<div data-testid=\"html-renderer-container\">\n<p>Bitcoin (<a title=\"https:\/\/cointelegraph.com\/price-indexes\/bitcoin\" href=\"https:\/\/cointelegraph.com\/price-indexes\/bitcoin\">BTC<\/a>) reached monthly highs above $76,000 on Tuesday as US inflation data continued to buoy risk assets.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin upside continues as bulls target $76,000 \u2014 the highest price since early February.<\/p>\n<\/li>\n<li>\n<p>US PPI inflation remains below market expectations despite the war in Iran having no end in sight.<\/p>\n<\/li>\n<li>\n<p>Bitcoin traders stay risk-off on overall market strength.<\/p>\n<\/li>\n<\/ul>\n<h2>Bitcoin tops $76,000 amid fears that \u201cinflation is back\u201d<\/h2>\n<p>Data from TradingView showed new local highs of $76,038 on Bitstamp \u2014 Bitcoin\u2019s best performance since mid-March and on track to hit a two-month record.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d8c5e-6bf5-7554-9e0c-b7d693a8282b.png\"><figcaption><em>BTC\/USD one-day chart. Source: Cointelegraph\/<\/em><a title=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"nofollow noopener\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The March print of the Producer Price Index (PPI) came in below expectations despite the US-Iran war.\u00a0<\/p>\n<p>\u201cOn an unadjusted basis, the index for final demand rose 4.0 percent for the 12 months ended in March, the largest 12-month advance since increasing 4.7 percent in February 2023,\u201d an <a title=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\" href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\" target=\"_blank\" rel=\"nofollow noopener\">official statement<\/a> from the US Bureau of Labor Statistics (BLS) noted.\u00a0<\/p>\n<blockquote><p>\u201cThe March rise in final demand prices can be attributed to a 1.6-percent advance in the index for final demand goods. Prices for final demand services were unchanged.\u201d<\/p><\/blockquote>\n<p>Markets had expected a 4.7% year-on-year increase, with a 1.1% month-on-month jump \u2014 but it ultimately came in at 0.5%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d8c5a-e625-7262-bd2b-0ff3ac132f9c.png\"><figcaption><em>US PPI one-month % change. Source: BLS<\/em><\/figcaption><\/figure>\n<p>Despite this, reactions were hawkish, noting that inflation was showing a clear uptrend overall.<\/p>\n<p>\u201cWe are now officially seeing inflation metrics in the US that are at 4% or higher,\u201d trading resource The Kobeissi Letter <a title=\"https:\/\/x.com\/KobeissiLetter\/status\/2044031118400253968\" href=\"https:\/\/x.com\/KobeissiLetter\/status\/2044031118400253968\" target=\"_blank\" rel=\"nofollow noopener\">responded<\/a> on X.<\/p>\n<blockquote><p>\u201cInflation is back.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d8c5a-203f-7c8b-8372-459a05f33cd4.png\"><figcaption><em>Fed target rate probabilities (screenshot). Source: CME Group<\/em><\/figcaption><\/figure>\n<p>Correspondingly, markets kept bets of interest-rate cuts from the Federal Reserve firmly at the end of next year, per data from CME Group\u2019s <a title=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\" rel=\"nofollow noopener\">FedWatch Tool<\/a>.<\/p>\n<h2>Bitcoin\u2019s 21-week trend line is a line in the sand<\/h2>\n<p>Among traders, BTC price action continued to cause suspicion.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a title=\"https:\/\/cointelegraph.com\/markets\/oil-price-surges-8percent-iran-five-things-bitcoin-this-week\" href=\"https:\/\/cointelegraph.com\/markets\/oil-price-surges-8percent-iran-five-things-bitcoin-this-week\"><em><strong>Oil price surges 8% on Iran tensions: Five things to know in Bitcoin this week<\/strong><\/em><\/a><\/p>\n<p>CryptoReviewing, the pseudonymous cofounder of the trading community Wealth Capital, noted that the move to $75,000 had triggered a wave of short liquidations.<\/p>\n<blockquote><p>\u2014 CryptoReviewing (@CryptoReviewing) <a href=\"https:\/\/twitter.com\/CryptoReviewing\/status\/2043959752531550454?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 14, 2026<\/a><\/p><\/blockquote>\n<p>As <a title=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-analysis-sees-new-short-squeeze-as-open-interest-nears-25b\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-analysis-sees-new-short-squeeze-as-open-interest-nears-25b\">Cointelegraph reported<\/a>, market participants had already been gearing up for a short squeeze, with its price still stuck in its local range.<\/p>\n<p>\u201cBitcoin&#8217;s recent PA hasn&#8217;t deviated much from what we saw in 2022,\u201d Keith Alan, cofounder of trading resource Material Indicators, <a title=\"https:\/\/x.com\/KAProductions\/status\/2043866840854671623\" href=\"https:\/\/x.com\/KAProductions\/status\/2043866840854671623\" target=\"_blank\" rel=\"nofollow noopener\">argued<\/a> on the day.<\/p>\n<blockquote><p>\u201cNothing says that $BTC has to continue to mimic history, but if it does we should see price flirt with the 21-Week Moving Average ~$78.3k.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d8c59-1a4e-7f54-8260-6827dd9c1981.jpeg\"><figcaption><em>BTC\/USD one-week chart. Source: Keith Alan\/X<\/em><\/figcaption><\/figure>\n<p>Alan said that the trend line would \u201cnot be an easy level to break.\u201d<\/p>\n<p>\u201cA rejection from that level would send the Weekly RSI back below the R\/S flip line at 41, and send BTC to the next leg down,\u201d he warned, referring to the relative strength index (RSI) indicator.\u00a0<\/p>\n<p>Earlier, Cointelegraph reported on early RSI signals regarding a <a title=\"https:\/\/cointelegraph.com\/markets\/bitcoin-rsi-nearly-perfectly-copying-end-2022-bear-market-analysis\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-rsi-nearly-perfectly-copying-end-2022-bear-market-analysis\" target=\"_self\" rel>bear-market trend reversal<\/a>.<\/p>\n<p>The US passage of the CLARITY Act and the end of the war in Iran, on the other hand, could send Bitcoin back toward its yearly open price of $87,500.\u00a0<\/p>\n<p><template data-type=\"markets_outlook\" data-name=\"subscription_form\" data-label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p data-testid=\"post-category-disclaimer\"><span>This article is produced in accordance with Cointelegraph&#8217;s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) reached monthly highs above $76,000 on Tuesday as US inflation data continued to buoy risk assets. Key points: [&hellip;]<\/p>","protected":false},"author":5,"featured_media":71926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-71925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/71925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=71925"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/71925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/71926"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=71925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=71925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=71925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}