Bitcoin holds above $80K amid anticipation of CPI data and Morgan Stanley's Bitcoin Trust posts strong inflows.

Bitcoin maintained its position above $80,000 over the weekend, peaking at $82,436 before a slight pullback. Analysts expect a short-term correction to test support levels just below $80,000, with key resistance at $82,450 potentially pushing prices higher toward $84,000. The upcoming April US Consumer Price Index (CPI) report is expected to influence market behavior, with some traders anticipating risk reduction before the announcement. Meanwhile, Morgan Stanley's Bitcoin Trust (MSBT) successfully completed its first month with $193.6 million in net inflows and no days of net outflows, benefiting from the lowest fee among US spot Bitcoin ETFs at 0.14%. The product has yet to be fully distributed through Morgan Stanley's advisor network, indicating potential for further growth.