- The Bitcoin price gave a decisive breakout from the support trend of an inverted flag pattern.
- November Core inflation is projected to hold near 3.0% year over year, in line with September levels.
- The daily relative strengths index (RSI) are 37% accentuates a bearish sentiment among market participants for prolonged downtrend.
The pioneer cryptocurrency Bitcoin recorded a 1.75% drop during Wednesday U.S. market hours to trade at $85,900. The selling pressure emerged amid broader market uncertainty surrounding the upcoming interest rate decision by the Bank of Japan. As crypto participants wait for the next inflation measure— Core CPI data— the Bitcoin price loses key technical support, signaling a risk for prolonged correction.
U.S. Jobless Rate Hits Four-Year High as Markets Await Key Inflation Data
Recent labor statistics released for November 2025 show that the jobless rate was at 4.6 percent, the highest rate in more than four years. Nonfarm employers added 64,000 positions, a small increase after a large decline of 105,000 the month before, affected by federal workforce cuts related to previous buyouts and operating pauses.
These figures reflect a deceleration of hiring momentum with gains being concentrated in industries such as health care and construction and losses in transportation, warehousing, and government positions. Broader measures of underutilization of labor also edged upward.
Futures trading data from the CME FedWatch platform currently reflects 24.4 percent for a 25 basis point decrease in interest rates at the January 2026 policy meeting, reflecting adjusted expectations for monetary easing in the face of continued economic moderation.
Market focus is now shifting to the CPI numbers for November due to be released on December 18, 2025. Forecasts peg the core measure (excluding food and energy) to stand at about 3.0 percent year-on-year, which would be in line with the September reading following 3.1 percent in August.
Amidst these developments, what commentary analyst Darkfost pointed out was the upcoming inflation figures but noted that the growth rate of Bitcoin supply was still below 1 percent a year, a number that is expected to go lower with the asset’s programmed issuance schedule.
Traders, therefore, continue to watch these indicators because the labor and price trends influence the outlook of policy changes and performance of assets in the traditional and digital markets.
Bitcoin Price Eyes $80,000 Floor Amid Key Support Breakdown
Over the past three weeks, the Bitcoin price showed a brief relief rally from $80,537 to $86,605 accounting for a 7.5% surge. Notably, the upstream remains tightly contained between two converging trend lines, indicating the formation of a traditional bearish continuation pattern called inverted flag.
The chart setup is characterized by a prevailing downtrend, displayed by a steep falling trend line, followed by a temporary recovery to recuperate the exhausted bearish momentum. On Monday, the conference gave a decisive breakout from the party’s support trendline, completing its setup and accelerating the market’s selling pressure.
The daily momentum indicator, RSI, at 37%, accentuates the bearish negative sentiment in the price for a prolonged downtrend.
The post-breakout fall could push the price another 7% before retesting the bottom support dollar $86,600.
On the other hand, if the Bitcoin price rebounds and reclaim the bottom support trendline at $90,000, the bearish thesis would get invalidated.
Source: https://www.cryptonewsz.com/bitcoin-inverted-flag-macro-weighs-on-price/
