Here are the latest updates on Bitcoin:
The current price is high at ~108,737 dollars, near its all-time highs.
Strong activity from American investors and the rise in 'Coinbase Premium' is a potential bullish signal, pushing Bitcoin to regain its record levels.
Recommendations to achieve a breakout above $110,478 before confirming a bullish trend. Otherwise, any decline may lead to testing a support level around $102,239.
The expected US CPI to be released on June 11 could be a significant factor: a negative report could push the price back toward $108,000 or lower.
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Will Bitcoin drop 😎?
Bullish Scenario:
If the CPI report comes in lower than expectations (e.g., YoY 2.1% instead of 2.5%), Bitcoin may gain additional momentum and break the ATH barrier (~112K–112K+).
Corrective scenario:
Risk increases if the CPI is higher than expected; this could push Bitcoin down first toward ~108K, and if that fails, it may touch the support level at ~102K.
Other risks:
If the resistance breakout fails and investor appetite for 'greed' continues, profit-taking or temporary selling pressure may occur.
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🛠 Tips:
If you are setting an entry plan after a clear break above 110.5 K, watch for a candle close at a good level above this area.
To reduce risks, set stop-loss orders at levels like 108 K or even below 102 K depending on your risk tolerance.
Watch for the CPI report release on June 11, as it could be an important turning point.
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Summary: Bitcoin shows strong bullish signals, but it faces significant resistance and is close to the release of Consumer Price Index (CPI) data, which could be a turning point for the trend in the coming days.