#CryptoCPIWatch

Bitcoin (BTC) is currently trading around $102,741.23, showing a -1.79% change from its previous close price of $104,613.70. With the Consumer Price Index (CPI) data release imminent, market sentiment hangs in the balance. A positive CPI reading could trigger a market bounce-back.

*Key Support Levels:*

- *Current Support*: Bitcoin needs to hold its current level to avoid further decline.

- *Next Major Support*: If the current support breaks, the next major support is at $99,300, a crucial level to watch.

*Market Outlook:*

The CPI data will significantly influence market direction. A favorable reading could spark recovery, while an unfavorable one might exacerbate the downturn. Given Bitcoin's current price movement, it's essential to monitor the $99,300 support level closely, as a hold above this level could pave the way for potential recovery .