The profit-taking of bitcoin at 106,000 dollars is the first step before new all-time highs

Bitcoin data suggests that profit-taking in the range of 106,000 dollars will occur before BTC bulls attempt new all-time highs.Key conclusions:

Bitcoin shows a bearish breakout from an ascending channel, with the risk of profit-taking near 106,000 dollars.

A lower-than-expected U.S. Consumer Price Index (CPI) could boost Bitcoin, but a higher CPI may increase downward pressure, leading to a price drop below 100,000 dollars.$BTC