#CryptoCPIWatch BITCOIN MARKET UPDATE!
Bitcoin is currently trading near $102,500, with all eyes on today’s critical US Consumer Price Index (CPI) data release. This data could be a game-changer for the crypto market’s direction. If the CPI numbers come in favorable, showing lower inflation, it could spark a strong rebound in Bitcoin and other cryptocurrencies. As highlighted in our previous updates, Bitcoin is experiencing the correction we anticipated—feel free to revisit those posts for the complete picture. Right now, the key is whether Bitcoin can hold its current support level. Should this level break, the next major support lies at $99,300. Maintaining this level is crucial for Bitcoin to stabilize and potentially launch a recovery in the near term. Stay cautious and watch the CPI closely
