$BTC Bitcoin's price is currently under pressure as traders await the US Consumer Price Index (CPI) data release. A softer CPI print could boost bullish momentum, potentially driving prices higher, while a higher-than-expected number might strengthen the dollar and weigh on crypto prices.

*Current Market Trends:*

- *Bitcoin Price*: $102,662.30, down 1.19% with a market capitalization of $2.16 trillion

- *Trading Volume*: $64.27 billion in the past 24 hours

- *Resistance Level*: $106,000, where long-term holders may look to exit

- *Critical Level*: $100,000, with over $3.4 billion in long positions exposed to downside risk

*Impact of US CPI Data:*

- A softer CPI print could reignite bullish momentum, driving prices higher

- A higher-than-expected CPI number might strengthen the dollar, weighing on crypto prices

*Expert Insights:*

- Vikram Subburaj, CEO of Giottus Crypto Platform, views the current dip as a healthy correction, potentially enabling Bitcoin to retest $105,000 later this week

- Riya Sehgal, research analyst at Delta Exchange, emphasizes the importance of CPI data in determining interest rate cuts and crypto price direction ¹