#CryptoCPIWatch Bitcoin could experience a "technical drop" in the short term below 100,000 dollars before the release of the CPI on May 13

Bitcoin plunged after nearly reaching 106,000 dollars, but several data points suggest that the correction will be brief.

Bitcoin could experience a "technical drop" in the short term below 100,000 dollars before the release of the CPI on May 13

Market Analysis

Key points:

A potential risk reduction before the release of the CPI on May 13 could be influencing the price correction of BTC on May 12.

The market structure of Bitcoin and the qualitative fundamentals remain bullish, suggesting that today's correction could be short-lived.

The price of Bitcoin (BTC) stumbled briefly on May 12, falling to 102,388 dollars after reaching an intraday high of 105,819 dollars during the trading session in the U.S. At first glance, the abrupt correction seemed unexpected given the context of positive news that day. Since Sunday night (May 11), traditional media headlines have reported positive developments in the trade negotiations between the U.S. and China taking place in Switzerland, and throughout the night, President Trump campaigned for victory through posts on Truth Social highlighting the positive aspects of the agreement.

BREAKING: U.S. announces a trade agreement with China in Geneva

As news of the tentative agreement broke, U.S. stock futures markets surged, and these gains materialized in a 1,000-point jump in the Dow at the opening bell. Looking beyond the temporary resolution of the trade war between the U.S. and China, Bitcoin has accumulated consecutive victories over the past two weeks. On May 12, Strategy CEO Michael Saylor announced that the company had acquired 13,390 Bitcoin, raising its total balance to 568,840 BTC.

On the same day, the stocks