#CryptoCPIWatch - The recently published CPI index continues to impact the sentiment in the crypto market. With the expectation that the Fed is not in a hurry to lower interest rates, the price of BTC remains fluctuating within the accumulation zone. However, today’s trading session shows strong recovery signals. Currently, BTC is trading around 103,944 USDT, up more than 1% in the past 24 hours.

On the 4-hour chart, BTC has bounced from the support area around MA50 and is forming a small reversal pattern. The RSI is at 58.44 – not overbought yet, indicating there is still room for growth. It is forecasted that in the next 4 hours, BTC could continue to rise and aim for the target of 105,666 USDT, if it can break through the light resistance area of 104,400.