Bitcoin Price Volatile Around $26K Support as Inflation Soars, Raising Rate Hike Bets

Bitcoin (BTC) price volatile after two-week lows, clinging to $26.8K support.

September CPI data beats expectations at 3.7% year-on-year, adding to "higher for longer" rate hike expectations.

Analysts cite $26.8K as key for bulls to flip to support, but liquidity thin above $24.7K.

Macro outlook deemed "bad = bad" for Bitcoin, with downtrend potentially unabated despite Q4 bull factors.

Key levels remain 25-26K support and 29-30K resistance to determine Bitcoin's next major trend.