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The impact of inflation data on Bitcoin: a market outlook

Today, the market is anticipating the release of inflation data in the United States (CPI) at 16:30. 📊

🔹 Key scenarios:

1️⃣ If the data is below the forecast (2.9% or lower):

- Weakened dollar, increased interest in risk assets.

- Bitcoin could rise to $98,000 – $100,000.

2️⃣ If the data is above the forecast:

- Strengthened dollar, pressure on crypto assets.

- A pullback of Bitcoin to $92,000 – $88,000 is possible.

⚡ Oil market:

At 18:30, crude oil inventory data will be released, which may also impact the dollar and the overall market.

📈 Conclusion: We are monitoring the CPI and the market's reaction. This data could set the direction of Bitcoin's movement! 🚀