#NewsTrade Bitcoin's next move depends heavily on several technical, macroeconomic, and market sentiment factors. Here's a breakdown of the current situation and likely scenarios:
1. Key Levels to Watch
Support: Around $100,000 – a psychological and technical support.
Resistance: Near $105,000–$109,000 – where it peaked in late 2024.
2. Bullish Scenario (Likely if CPI is favorable)
If the U.S. CPI report (May 13) shows cooling inflation, it could spark risk-on sentiment.
Bitcoin could break above $105K, retest the all-time high of $109K, and potentially aim for $115K–$120K.
Institutional demand (like Strategy’s recent buy) supports this move.
3. Bearish Scenario (If CPI or Fed tone is hawkish)
A hotter-than-expected CPI might lead to expectations of tighter Fed policy.
BTC could drop below $100K, potentially testing $96K or even $92K, especially if profit-taking accelerates.
4. Sideways/Consolidation
If the market stays uncertain or data is mixed, BTC might range between $98K–$105K this week.
Volume and sentiment indicators suggest this as a plausible short-term path.
Would you like Bitcoin's next move depends heavily on several technical, macroeconomic, and market sentiment factors. Here's a breakdown of the current situation and likely scenarios:
### **1. Key Levels to Watch**
* **Support:** Around **\$100,000** – a psychological and technical support.
* **Resistance:** Near **\$105,000–\$109,000** – where it peaked in late 2024.
### **2. Bullish Scenario (Likely if CPI is favorable)**
* If the **U.S. CPI report (May 13)** shows cooling inflation, it could spark risk-on sentiment.
* Bitcoin could **break above \$105K**, retest the **all-time high of \$109K**, and potentially aim for **\$115K–\$120K**.
* Institutional demand (like Strategy’s recent buy) supports this move.
### **3. Bearish Scenario (If CPI or Fed tone is hawkish)**
* A **hotter-than-expected CPI** might lead to expectations of tighter Fed policy.
* BTC could **drop below \$100K**, potentially testing **\$96K or even \$92K**, especially if profit-taking accelerates.
### **4. Sideways/Consolidation**
* If the market stays uncertain or data is mixed, BTC might **range between \$98K–\$105K** this week.
* Volume and sentiment indicators suggest this as a plausible short-term path.
Would you like a technical chart or prediction model based on recent data?$$$$$BTC