{"id":79522,"date":"2026-10-15T01:18:29","date_gmt":"2026-10-15T01:18:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/21shares-strategist-sees-bitcoin-path-to-90k-after-hotter-cpi-report-bitcoin-news\/"},"modified":"2026-10-15T01:18:29","modified_gmt":"2026-10-15T01:18:29","slug":"21shares-strategist-sees-bitcoin-path-to-90k-after-hotter-cpi-report-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/21shares-strategist-sees-bitcoin-path-to-90k-after-hotter-cpi-report-bitcoin-news\/","title":{"rendered":"21shares Strategist Sees Bitcoin Path to $90K After Hotter CPI Report \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Mena identifies $85,000 as resistance before a potential $90,000 advance.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">His analysis finds a 1.21% average weekly gain after hotter core CPI prints.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The strategist targets $2,800-$3,000 for ether and $130 for solana.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoin\u2019s $90K Forecast Faces an $85K Test<\/h2>\n<p>Bitcoin could regain $85,000 and move toward $90,000 after upcoming economic releases, Matt Mena, senior crypto research strategist at crypto investment product issuer 21shares, told Bitcoin.com News in commentary supplied Oct. 14. He argued that last week\u2019s decline below $85,000 had already reflected much of the downside risk associated with a hotter inflation reading.<\/p>\n<p>\u201cWith PPI due tomorrow, the final major near-term macro data release will be out of the way ahead of this week\u2019s FOMC meeting. That could set the stage for another test of $85k resistance,\u201d Mena said, adding:<\/p>\n<blockquote>\n<p>\u201cWhile a pullback toward $81k remains possible, we believe the balance of risks favors a move through $85k and toward $90k once the remaining macro uncertainty clears.\u201d<\/p>\n<\/blockquote>\n<p>The Federal Reserve\u2019s <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm\" target=\"_blank\" rel=\"noopener noreferrer\">next Federal Open Market Committee meeting<\/a> is scheduled for Oct. 27-28. The producer price index, or PPI, measures prices received by domestic producers and is due Oct. 15. Its designation as the final major near-term release reflects Mena\u2019s assessment.<\/p>\n<h2>Hotter CPI Challenges Bitcoin\u2019s Recovery<\/h2>\n<p>September\u2019s <a href=\"https:\/\/www.bls.gov\/news.release\/archives\/cpi_10142026.htm\" target=\"_blank\" rel=\"noopener noreferrer\">consumer price index results<\/a> showed prices rose 0.6% from August and 3.7% over the preceding year. Core inflation, which excludes food and energy, increased 0.3% monthly and 2.6% annually. The monthly core reading exceeded the 0.2% economists had expected. Bitcoin subsequently fell below $83,000, toward $82,800, after the release.<\/p>\n<p>Mena\u2019s initial commentary described BTC as holding above $83,000 after previously testing the $81,000-$82,000 zone. Before the release, the retreat had also brought <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-faces-cpi-reckoning-as-analysts-eye-81300-support\/\">support near $81,300<\/a> into focus. His argument rests on that earlier selling having absorbed much of the inflation risk, even as subsequent trading tested the initial assessment.<\/p>\n<p>The strategist views <a href=\"https:\/\/www.bitcoin.com\/get-started\/what-is-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin, a decentralized digital currency<\/a>, as a barometer of liquidity and investors\u2019 willingness to hold riskier assets. His analysis puts BTC\u2019s average return at 1.21% in the seven days following hotter-than-expected core CPI releases since 2023, supporting his interpretation that an inflation surprise need not prevent a recovery.<\/p>\n<h2>ETF Flows Frame Ether and Solana Price Targets<\/h2>\n<p>Institutional positioning provides another reference point, with bitcoin having twice rebounded near the <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-defends-81-5k-etf-cost-basis-despite-rising-outflows\/\">$81,500 ETF cost basis<\/a> identified by Glassnode. That benchmark estimates the acquisition price associated with U.S. spot bitcoin exchange-traded fund holdings. The analysis identified approximately $77,500 as the next major downside level if that support fails.<\/p>\n<p>U.S. spot bitcoin ETFs attracted <a href=\"https:\/\/news.bitcoin.com\/bitcoin-etf\/fidelity-blackrock-lead-176m-bitcoin-etf-rebound\/\">$175.62 million in net inflows<\/a> on Oct. 13, reversing the preceding session\u2019s withdrawals. Fidelity\u2019s spot bitcoin ETF, FBTC, received $103.06 million, while Blackrock\u2019s equivalent fund, IBIT, brought in $65.89 million. Ether funds also returned to positive flows, drawing $24.84 million after 10 consecutive sessions of net redemptions.<\/p>\n<p>Mena also cited quarterly ETF inflows exceeding $3 billion for ETH and $500 million for SOL, describing their strongest quarter this year. He expects ether to consolidate around $2,500 in the near term before another attempt at $2,800-$3,000. For solana, the strategist identified $130 as a potential price level by the end of the quarter.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/6-distinct-prediction-markets-favor-bitcoins-100k-path-as-downside-bets-divide\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/6-distinct-prediction-markets-favor-bitcoins-100k-path-as-downside-bets-divide\/\"><img alt=\"6 Distinct Prediction Markets Favor Bitcoin\u2019s $100K Path as Downside Bets Divide\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F01%2Ftarotssixmarkets-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Across Myriad, Kalshi, and Polymarket, prediction traders are converging on a familiar conclusion: bitcoin looks far more likely to flirt\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/21shares-strategist-sees-bitcoin-path-to-90k-after-hotter-cpi-report\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Mena identifies $85,000 as resistance before a potential $90,000 advance. His analysis finds a 1.21% average weekly gain after hotter core CPI prints. The strategist targets $2,800-$3,000 for ether and $130 for solana. Bitcoin\u2019s $90K Forecast Faces an $85K Test Bitcoin could regain $85,000 and move [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":79523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79522"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79522"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79523"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}