Crucial#USinflation data released this week was eagerly awaited by market participants. The Consumer Price Index (CPI) decreased by 0.1%, leading to speculation that the Federal Reserve might cut interest rates. Initially, this news sent the Bitcoin price as high as $59,650. However, this upward movement was not permanent. According to the Bureau of Labor Statistics, the overall inflation rate increased by 3.0% over the past 12 months, slightly lower than the 3.3% increase recorded in May. This difference affected Bitcoin's short-term rise, as analysts thought it could signal higher peaks in the cryptocurrency's value.

Prominent crypto investor Wolf identified the $60,000 level as a critical resistance point for #Bitcoin . This resistance zone extends to the $61,600 level and is supported by the weekly 21EMA barrier. According to Wolf, exceeding this threshold means that the bulls may dominate the market and a more significant uptrend may begin. Another crypto analyst, Zen, emphasized that problems such as MTGOX payments could cause significant fluctuations in the market. On the other hand, Jamie Coutts, chief crypto analyst at Real Vision, argued that such short-term disruptions could ultimately be beneficial for the market by reducing oversupply and expanding the investor base.