$BTC

Bitcoin (BTC) today is hovering around $102,000, showing a slight decline in the last 24 hours amidst a general climate of caution. Traders are awaiting the Consumer Price Index (CPI) data expected shortly, which could trigger significant volatility in the cryptocurrency market.

Technical analysis suggests key support levels around $100,000 and short-term resistance near $104,000. Many indicators show a mixed picture, reflecting the prevailing uncertainty. Trading volume is moderate, indicating a lack of strong directionality at this stage.

Historically, CPI data has had a notable impact on Bitcoin's price, influencing expectations on inflation and Federal Reserve policies. A CPI figure higher than expected could exert downward pressure, while a lower figure could trigger a rally. Attention is high on how these numbers will influence market sentiment and BTC's next moves.

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