#CryptoCPIWatch The #CryptoCPIWatch hashtag is trending as markets brace for the release of the April U.S. Consumer Price Index (CPI) data today, May 13, 2025, at 12:30 UTC. This report is pivotal for crypto investors, as it could significantly influence Bitcoin's trajectory and broader market sentiment.
---
๐ CPI Expectations & Market Implications
Economists forecast the April CPI to rise by 2.4% year-over-year, aligning with March's figures. Core CPI, which excludes volatile food and energy prices, is also expected at 2.4% .
If CPI is below 2.4%: This could signal cooling inflation, potentially prompting the Federal Reserve to consider rate cuts. Such a scenario is typically bullish for risk assets like Bitcoin.
If CPI exceeds 2.4%: Persistent inflation may lead the Fed to maintain or even increase interest rates, which could exert downward pressure on cryptocurrencies.
Recent CPI trends have shown a gradual decline from 2.8% in February to 2.4% in March, indicating a potential easing of inflationary pressures .
---
๐น Bitcoin's Current Position
Bitcoin (BTC) is currently trading at approximately $101,721, reflecting a slight decline ahead of the CPI release. The cryptocurrency recently experienced a pullback from a local high of $105,819, as traders engaged in profit-taking and de-risking strategies .
Technical indicators present a mixed picture:
Bullish Signals: A bullish Relative Strength Index (RSI) divergence suggests weakening selling momentum, potentially indicating a reversal .
Bearish Signals: Failure to close above the $104,500 resistance level on the weekly chart raises concerns about sustaining upward momentum .
---
๐ฎ Market Sentiment & Outlook
Investor sentiment is cautiously optimistic. Positive developments, such as easing U.S.โChina trade tensions and consistent inflows into Bitcoin ETFs, have provided support to the market .
However, the upcoming CPI data remains a critical factor. A lower-than