#CryptoCPIWatch

Today, the price of Bitcoin has dropped below $102,400 with a wave of profit-taking ahead of the release of U.S. inflation data, reflecting traders' caution regarding upcoming economic implications.

Major cryptocurrencies have also seen declines of up to 7%, as markets await the monthly Consumer Price Index report.

CPI data released on May 13, 2025, showed continued inflationary pressures in the energy, food, and housing sectors, causing Bitcoin to drop by 2.3% within one hour of the announcement.

According to the latest technical analysis, Bitcoin has maintained a support level at $100,790 but faces strong resistance at $105,720 before resuming its upward trend.

Analysts at Coinpedia believe that a CPI reading of 2.3% or lower could drive expectations for easing monetary policy, allowing speculators to seize new entry points near $60,000.

On the other hand, Mitrade's forecasts suggest that institutional adoption and regulatory volatility will lead to a bullish wave for crypto soon.