#CryptoCPIWatch
**How could U.S. CPI data influence the price of Bitcoin?**
The upcoming release of the CPI will likely be a key factor in the next movement of Bitcoin. Here’s what to watch for:
CPI at 2.3% or lower:
If inflation shows signs of slowing down with a CPI at 2.3% or lower, the market could align with expectations for a Fed rate cut. This would likely boost Bitcoin, potentially propelling it towards a new all-time high, depending on the alignment of other macroeconomic factors.
CPI above 2.4%:
A CPI above forecasts would signal persistent inflation, thereby reducing hopes for a Fed rate cut. In this case, Bitcoin could face a decline or strengthening, as markets adjust to delayed changes in monetary policy.
CPI in line with expectations:
If the CPI turns out to be in line with expectations, Bitcoin could remain stable in the short term.
**Summary**
How high can the price of Bitcoin go?
If the CPI cools down and momentum holds, analysts see the potential for Bitcoin to challenge its ATH and exceed $110,000.
What is the price forecast for Bitcoin this month?
With potential upside, the price of Bitcoin (BTC) could close the month at a peak of $110,000. (Just a probability)
