$BTC is currently at $103,743 USD, with a slight drop of 0.25% in the last 24 hours. The price has fluctuated between $101,065 and $104,307 during the day.

This correction comes amid profit-taking after reaching an intraday high of $105,800 on May 12. Investors are paying attention to the release of the U.S. Consumer Price Index (CPI) on May 13, which could influence the Federal Reserve's monetary policy and, consequently, the crypto market.

Despite the correction, market sentiment remains bullish, with projections pointing to a possible rise to $120,000 in the second quarter of 2025.

Are we experiencing a healthy pause before a new bullish momentum?