BTC/USD: Bitcoin Reverses Gains in Surprise Pullback as Price Dips Under $87,000
Ain’t that a fast start to a long, long month. With plenty of data on the calendar, Bitcoin’s December path is anything but clear. 📉 BTC Slides as December Kicks OffBitcoin sank under $87,000 after reversing its early surge from a $91,200 open, shedding nearly 5% as traders quickly repriced December’s macro outlook. The sharp retreat highlights just how sensitive the OG coin remains to shifting expectations around rates, liquidity and risk sentiment. Especially with a packed economic calendar ahead. With volatility returning, leveraged traders saw positions unwind fast, turning what looked like a smooth breakout attempt into a whiplash-inducing pullback. 📅 Inflation Data AheadDecember’s first major event is the Fed’s preferred inflation gauge on Dec. 5. Softness there could revive rate-cut hopes; a hot reading would likely pressure crypto again. CPI follows on Dec. 10 and is expected to set the tone for risk markets into mid-month. Bitcoin often reacts to CPI swings as they reshape assumptions about future liquidity. With both reports landing before the Fed decision, markets may have to navigate several sentiment resets in a very short window. 🏦 Fed Decision and Jobs Will Drive TrendThe Dec. 10 Fed meeting is the month’s true volatility trigger. Any hint of slower tightening (or earlier easing) could give BTC a lifeline after its shaky start. The jobs report arrives Dec. 16, offering a final macro checkpoint. Weak labor data tends to boost rate-cut odds, something crypto traders love more than holiday cookies. Until then, expect swings as Bitcoin searches for direction in a month where macro headlines (not memes, or maybe some memes?) will decide the trend.