US PPI data is coming, can Bitcoin break through $105,000?

The market is focused on the US Producer Price Index (PPI) to be released today, which will be key in determining the future trend of Bitcoin. With the dollar weakening and gold plummeting, can BTC take the opportunity to rebound and break through the $105,000 mark?

The PPI reflects domestic price pressures; if the data is below expectations, the Federal Reserve may cut interest rates early, boosting Bitcoin for a strong rise. Conversely, if the data is strong and rate cuts are hindered, funds may flow back to cash, putting pressure on BTC and popular altcoins.

Gold has plunged nearly 10% this week, and market risk aversion sentiment is cooling. Meanwhile, the Bitcoin Bull Token presale is booming, having raised over $5.7 million. The token design combines meme culture and deflationary mechanisms, incentivizing investors to earn up to 72% annualized returns through staking.

Experts predict that Bitcoin is expected to challenge the $500,000 mark this year, and the BTC Bull project will also gradually burn tokens as BTC prices rise, further driving prices up. Investors should closely watch the market changes brought by the PPI data.