Bitcoin flatlines as inflation data looms, bittensor drama unfolds

What Happened

Bitcoin traded at $71,700 and Ether at $2,180 Friday amid low market volatility. Bollinger bands reached their narrowest levels since early 2024. Bitcoin has remained between $63,000 and $75,000 since February. A breakout above $75,000 could trigger upside momentum, while a dip below $70,000 may liquidate $200 million in long positions. U.S. consumer price index data, estimated at 3.3% year-on-year, represents a key catalyst.

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