Bitcoin Eyes $90,000 Recovery After $4,000 Drop on December 17 as CPI Data Looms

On December 17, Bitcoin slid by about $4,000 and is now consolidating close to $87,000 while traders assess whether it can retest $90,000 before Christmas. Sentiment has weakened, ETF inflows have become inconsistent, and BTC is trading below key moving averages as markets await US CPI data that could steer risk appetite. At the same time, speculative interest is also shifting to presale tokens such as PEPENODE, which has raised over $2.36 million with its mine-to-earn meme coin model.