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Bitcoin traded near $90,000 on Nov. 14 as BTC price action digested yet another all-time high.
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 <img alt="Bitcoin analysts brace for 6 figures as BTC price seals $93.5K record" src="https://s3.cointelegraph.com/uploads/2024-11/019329b0-e720-7ba5-a683-ac670f128a31" title="">
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 BTC/USD 1-hour chart. Source: TradingView
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<h2 id="br-new-bitcoin-all-time-high-follows-us-cpi"> New Bitcoin all-time high follows US CPI</h2>
Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCEUR/?exchange=BINANCE" rel="null" target="null" text="null" title="null">TradingView</a> showed volatility still present after BTC/USD had notched a $93,483 record on Bitstamp the day prior.
This came during the Wall Street trading session on the back of the latest United States inflation data. The October print of the Consumer Price Index (CPI) fell in-line with expectations of 2.6%, while nonetheless still increasing, the Bureau of Labor Statistics (BLS) <a data-ct-non-breakable="null" href="https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm" rel="nofollow noopener" target="_blank" text="null" title="https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm">confirmed</a>.
<figure>
 <img alt="Bitcoin analysts brace for 6 figures as BTC price seals $93.5K record" src="https://s3.cointelegraph.com/uploads/2024-11/019329aa-c0b3-76e4-b6ff-c97ad58e6e92" title="">
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 US CPI 12-month % change. Source: BLS
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Despite the implications for financial policy as a result, Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="nofollow noopener" target="_blank" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) held steady, managing a brief thrust above the $90,000 mark.
Markets continued to bet on another interest-rate cut by the Federal Reserve in December, with the odds at over 80% at the time of writing, per data from CME Group’s <a data-ct-non-breakable="null" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" rel="null" target="null" text="null" title="null">FedWatch Tool</a>.
<figure>
 <img alt="Bitcoin analysts brace for 6 figures as BTC price seals $93.5K record" src="https://s3.cointelegraph.com/uploads/2024-11/019329ab-b716-71dd-85aa-d2fb4c5fe2c3" title="">
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 Fed target rate probabilities. Source: CME Group 
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Reacting, crypto market commentators saw few macroeconomic hurdles standing in the way of further BTC price upside.
“CPI in line,” Quinn Thompson, founder of hedge fund Lekker Capital, <a data-ct-non-breakable="null" href="https://x.com/qthomp/status/1856691297236508826" rel="null" target="null" text="null" title="null">told</a> followers on X, having previously called the data release a “nothingburger.”
<blockquote>
 “See you at $100k Bitcoin next week.”
</blockquote>
Trader, analyst and entrepreneur Michaël van de Poppe agreed with the six-figure target, noting that Nov. 14 would see more data, the Producer Price Index (PPI).
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 <img alt="Bitcoin analysts brace for 6 figures as BTC price seals $93.5K record" src="https://s3.cointelegraph.com/uploads/2024-11/019329ac-6831-7ff5-9b87-f94df859aa97" title="">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/CryptoMichNL/status/1856692244809425263" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/CryptoMichNL/status/1856692244809425263">Michaël van de Poppe</a>
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<h2 id="br-200-000-top-joins-btc-price-predictions"> $200,000 top joins BTC price predictions</h2>
In his <a data-ct-non-breakable="null" href="https://x.com/52kskew/status/1856881019242385666" rel="null" target="null" text="null" title="null">latest market analysis</a>, trader Skew highlighted $95,000 as a “key supply zone” based on exchange order book liquidity.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/80k-btc-price-gold-5-things-bitcoin-this-week" rel="null" target="null" text="null" title="null">$80K BTC price chases gold — 5 things to know in Bitcoin this week</a>
“Flow is pretty slow &amp; declining volume during asia session, typically lines up with a move in EU/US session,” he noted.
<figure>
 <img alt="Bitcoin analysts brace for 6 figures as BTC price seals $93.5K record" src="https://s3.cointelegraph.com/uploads/2024-11/019329ad-d640-75b1-be9f-95aaffb5f670" title="">
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 BTC/USDT 15-minute chart with liquidity (Binance). Source: Skew/X
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In one of its <a data-ct-non-breakable="null" href="https://cryptoquant.com/insights/quicktake/6734fd673003544c23b1cdda-Bitcoin-at-93K-Why-My-Proprietary-Indicator-Signals-Even-More-Upside" rel="null" target="null" text="null" title="null">Quicktake blog posts</a> on Nov. 13, Onchained, a contributor to onchain analytics platform CryptoQuant, joined those anticipating more gains.
“Notably, the 0nchained Top/Bottom Index had declined to the levels it registered during the $73,000 price point back in March, signaling significant room for potential upside,” they wrote, referring to one of its proprietary trading indicators.
The result was that BTC/USD “could potentially rise from its current level of $93,000 to reach a peak between $180,000 and $200,000.”
“Again, and again, we’re not at the peak yet! The index suggests that the top will be reached when the indicator falls within the 0 to 0.09 range—currently, it’s still at 0.27,” the post concluded.<advertisement>
 <figure>
 <img alt="Bitcoin analysts brace for 6 figures as BTC price seals $93.5K record" src="https://s3.cointelegraph.com/uploads/2024-11/019329ae-f214-73a3-8cac-3f1b11e63993" title="">
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 Onchained Top/Bottom Index (screenshot). Source: CryptoQuant
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 This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Bitcoin analysts brace for 6 figures as BTC price seals $93.5K record

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