$BTC

Bitcoin (BTC) today is hovering around $102,000, showing a slight decline in the last 24 hours in a general atmosphere of caution. Traders are awaiting upcoming Consumer Price Index (CPI) data, 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 regarding inflation and Federal Reserve policies. A CPI reading higher than expected could exert downward pressure, while a lower reading could trigger a rally. Attention is focused on how these numbers will influence market sentiment and BTC's next moves.

And if you want, follow me 👍