Bitcoin (BTC) witnessed a classic Wall Street sell-off on Mar. 12 as bears subdued a welcome US inflation slowdown. Data from Cointelegraph Markets Pro and TradingView indicated BTC/USD reaching three-day highs of $84,437 on Bitstamp before reversing. The January US Consumer Price Index (CPI) print came in below expectations at 2.8%, hinting at slowing inflation. However, the good news was short-lived as Wall Street trading saw the return of selling pressure across crypto markets. Bitcoin fell to $82,400 before consolidating around the daily open. Popular trader Rekt Capital noted a cautious optimism on BTC price performance. Another trader, Daan Crypto Trades, focused on the 200-day SMA/EMA trendlines. QCP Capital highlighted that Bitcoin ETFs experienced significant outflows, signaling growing caution among institutional investors. The CPI print could impact the Federal Reserve’s interest rates decision next week, with $82,000 solidifying as support. The article does not offer investment advice, and readers should conduct their research before making decisions.