Bitcoin Price on Edge Ahead of Inflation Data That Could Fuel Fed Rate Hikes
- Bitcoin price could decline further if November CPI data exceeds expectations
- Core CPI expected to remain at 4% annually; headline CPI likely to drop to 3.1%
- Higher inflation may prompt Fed to keep interest rates higher for longer
- Upside surprise in Core CPI could push Bitcoin price below $40k support
- FOMC meeting unlikely to raise rates, but CPI could shift expectations