Test

Stronger

Bitcoin

<h2 id="strong-key-takeaways-strong"><strong>Key Takeaways</strong></h2><div class="light-yellow-block"><ul><li><strong>Bitcoin is holding key daily support.</strong></li><li><strong>$67,200 remains the main resistance zone.</strong></li><li><strong>PPI might decide which level breaks first.</strong></li></ul></div><p>The macro backdrop shifted yesterday after <a href="https://coindoo.com/us-cpi-falls-what-crypto-faces-next/" rel="noopener noreferrer nofollow">US CPI eased to 3.4% in July</a> from 3.5% in June. Core inflation slipped to 2.5%, while monthly headline and core prices rose 0.1% and 0.2%, respectively.</p><p>Attention now turns to producer prices, where the inflation picture looks less settled.</p><h2 id="strong-ppi-is-the-next-test-after-softer-cpi-strong"><strong>PPI Is the Next Test After Softer CPI</strong></h2><p>The <a href="https://www.bls.gov/ppi/" rel="noopener noreferrer nofollow">Bureau of Labor Statistics will release July PPI at 8:30 a.m. ET</a>. Consensus points to a <strong>0.2% monthly rise in headline prices</strong> after June’s 0.3% decline, with core PPI seen increasing <strong>0.3%</strong>. On an annual basis, headline inflation is forecast to ease to around <strong>4.9%</strong> from 5.5%.</p><p>The softer CPI reading took some pressure off the case for another near-term Fed hike, but several large institutions still see risks building further up the price chain.</p><p><a href="https://am.gs.com/en-nl/advisors/insights/article/market-pulse" rel="noopener noreferrer nofollow">Goldman Sachs Asset Management</a> expects tariffs and energy costs to keep feeding through to inflation, with core inflation moving back toward 3% by December. The firm sees the Fed waiting to assess how much of those higher business costs eventually reaches consumers.</p><p><a href="https://www.rbc.com/en/economics/us-analysis/us-featured-analysis/the-us-producer-price-index-an-early-warning-system-for-inflation/" rel="noopener noreferrer nofollow">RBC Economics</a> takes a more cautious view, arguing that tariffs and energy are already lifting input costs and that some of that pressure is likely to reach consumers. RBC believes this might be enough to keep the Fed from cutting rates this year.</p><p>Survey data offers some support for that concern. <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/07/us-flash-pmi-shows-faster-growth-but-price-pressures-and-supply-delays-intensify" rel="noopener noreferrer nofollow">S&amp;P Global’s July US PMI</a> showed input-cost <a class="wpg-linkify wpg-tooltip" rel="noopener noreferrer nofollow">inflation</a> at its highest since May 2025 and selling-price inflation at its strongest since July 2022, with companies citing energy, shipping, tariffs and supplier costs.</p><p>Deutsche Bank’s Jim Reid sees less urgency, pointing to encouraging core inflation readings and weaker employment data. Bank of America’s Stephen Juneau remains more hawkish and still sees room for additional tightening, although the latest inflation data might reduce how much action is ultimately needed.</p><p>Today’s PPI will put those views against the hard data. A softer print might reinforce the disinflation signal from CPI, while a hotter core reading might show that higher business costs are beginning to work their way into official inflation measures.</p><h2 id="strong-bitcoin-is-testing-its-last-strong-support-before-the-july-low-strong"><strong>Bitcoin Is Testing Its Last Strong Support Before the July Low</strong></h2><p>BTC was trading around $63,800 at the time of writing. The <strong>50-day SMA near $63,400</strong>&nbsp;and the <strong>0.236 Fibonacci retracement at $63,600</strong>&nbsp;form the main support area directly underneath price.</p><figure id="attachment_187157" style="width: 100%" class="wp-caption aligncenter"><a href="https://coindoo.com/wp-content/uploads/2026/08/bitcoin-price-chart-aug-2026.jpg" rel="noopener noreferrer nofollow"><img class="size-full wp-image-187157" src="https://coindoo.com/wp-content/uploads/2026/08/bitcoin-price-chart-aug-2026.jpg" alt="A TradingView daily chart for Bitcoin (BTC/USD) on Bitstamp showing price action around 63,802 USD, featuring Fibonacci retracement levels, moving averages, and an RSI indicator." width="1280" height="962"></a><figcaption id="caption-attachment-187157" class="wp-caption-text"> Bitcoin testing crucial support levels and moving averages around the 0.236 Fibonacci – <a href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="noopener noreferrer nofollow">Source of the chart: TradingView</a></figcaption></figure><p>This is the last strong daily-chart confluence before the July swing low around <strong>$57,500-$57,700 </strong>while smaller reaction levels might appear in between.</p><p>Resistance is concentrated around $67,200-$67,300, where the 100-day SMA near $67,200&nbsp;almost matches the 0.382 Fibonacci retracement close to $67,300.</p><p>Bitcoin has therefore reached the PPI release with both sides of the immediate range clearly marked.</p><div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light"><h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5><a class="article row text-decoration-none" href="https://coindoo.com/crypto-users-paid-5-9b-in-fees-who-actually-benefits/" rel="noopener noreferrer nofollow"><div class="contentRight col-4"><span class="imgContainer mt-0"><img class="image img-defer" src="https://coindoo.com/wp-content/uploads/2026/08/fee-money-calculator.jpg"></span></div><div class="contentLeft col-8"><h4 class="title mb-0">Crypto Users Paid $5.9B in Fees – Who Actually Benefits?</h4></div></a></div><h2 id="strong-ppi-might-decide-which-side-bitcoin-tests-next-strong"><strong>PPI Might Decide Which Side Bitcoin Tests Next</strong></h2><p>A softer PPI print would fit the direction established by Wednesday’s CPI and might give buyers more reason to keep defending the current support. If the market reads the two reports together as evidence that inflation pressure is easing, BTC might turn back toward the $67,200 area.</p><p>A hot report would arrive with much worse technical timing. Stronger producer inflation, especially in the core reading, might revive concerns that price pressures remain sticky even as headline CPI cools. If that pushes yields or the dollar higher, Bitcoin would be absorbing the macro pressure while already leaning on its main nearby support.</p><p>A print close to expectations might leave the setup largely unchanged. Yesterday’s CPI would still lean softer, but without a second inflation surprise there might be little reason for traders to force BTC through either side immediately.</p><p>For now, the chart is unusually clean: support sits near $63,500, resistance near $67,200, and PPI arrives directly between them.</p><ul><li><strong>Disclaimer</strong>: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and readers should conduct their own research before making investment decisions.</li></ul><p>The post <a href="https://coindoo.com/bitcoin-at-critical-support-how-ppi-might-affect-the-price/" rel="noopener noreferrer nofollow">Bitcoin at Critical Support: How PPI Might Affect the Price</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Bitcoin at Critical Support: How PPI Might Affect the Price

Table of Contents

Coindoo.com

Other articles published on Aug 13, 2026

Whale Moves 800 BTC Worth $50.7M to Wintermute, Continuing Pattern of Large Deposits

UK House Price Balance Improves to -30% in July, RICS Survey Shows

Whales Seem to Have a Different View of XRP Right Now. Here’s What Happened

Arizona crypto ATM law refunds $171K to scam victims

Metaplanet CEO denies Bitcoin sale after $322 million transfer, holds 43,000 BTC

Kaspa Could Be About to Land Its Biggest Real-World Use Case Yet

Join our free newsletter for daily crypto updates!