#CryptoCPIWatch

The #CryptoCPIWatch is likely referring to the impact of the Consumer Price Index (CPI) report on the cryptocurrency market. The CPI report, which measures inflation, is set to be released and is expected to influence the Federal Reserve's decision on interest rates.

*Key Details:*

- *CPI Forecast:* The CPI is expected to show a year-over-year increase of 2.3%, slightly cooling from March's 2.4%. Core CPI is expected to land at 2.8%.

- *Impact on Bitcoin:* A lower CPI reading could boost Bitcoin's price, potentially driving it to a new all-time high. A higher-than-expected CPI could trigger consolidation or a short-term dip.

- *Market Sentiment:* Traders are cautious ahead of the CPI report, with some booking profits. Bitcoin's price has slipped below $103,000, but analysts believe short-term dips may be quickly absorbed if macro conditions stay favorable ¹ ².

*Possible Scenarios:*

- CPI at 2.3% or Below: Boosts hopes for a Fed rate cut, potentially driving Bitcoin's price up.

- CPI Above 2.4%: Signals persistent inflation, potentially causing Bitcoin's price to dip or consolidate.

- *CPI In Line with Expectations:* Bitcoin's price might stay steady, with investors waiting for further clarity before making big moves ¹.