Financial markets are in a state of anticipation ahead of the release of the Consumer Price Index (CPI) report in the United States, which is a key indicator for measuring inflation and could significantly impact the Federal Reserve's decisions regarding monetary policy. In this context, Bitcoin's price is facing strong resistance around the $100,000 level, which raises the likelihood of a temporary price correction below this psychological barrier.
Potential correction below $100,000
As the release date of the CPI report approaches, some selling pressure has been observed from investors who prefer to reduce risk in case the economic data comes out negative or exceeds expectations. This pressure may lead to a temporary decline in Bitcoin's price toward levels between $95,000 and $98,000.
Bulls remain in control
Despite the possibility of a correction, technical indicators and the general market behavior still show that bulls (buyers) remain in control. Trading volumes have increased in recent weeks, and market data indicates new institutional liquidity entering the cryptocurrency markets, reflecting investor confidence in the medium and long term.
The role of the upcoming CPI report
Bitcoin's direction in the coming days heavily depends on the results of the inflation report. If the report aligns with market expectations or comes in lower, it could bolster hopes for interest rate stabilization, which may push Bitcoin to break through the $100K barrier and enter a new upward wave.
Summary
In anticipation of the CPI report, Bitcoin's price is expected to experience some volatility and possibly a temporary correction below the $100,000 level. However, the overall trend remains bullish, especially with continued investment inflows and market support from institutional investors.
