#CryptoRoundTableRemarks Bitcoin could experience a "technical drop" in the short term below 100,000 dollars before the CPI publication on May 13

Bitcoin plummeted after nearly reaching 106,000 dollars, but several data points suggest that the correction will be brief.



Market Analysis

Key points:

A possible risk reduction before the CPI publication on May 13 could be influencing the price correction of BTC on May 12.

The structure of the Bitcoin market and qualitative fundamentals remain bullish, suggesting that today's correction could be short-lived.

The price of Bitcoin (BTC) briefly stumbled on May 12, falling to 102,388 dollars after reaching an intraday high of 105,819 dollars during the trading session in the U.S. At first glance, the abrupt correction seemed unexpected given the context of positive news that day. Since Sunday night (May 11), traditional media headlines have reported positive developments in trade negotiations between the U.S. and China taking place in Switzerland, and throughout the night, President Trump campaigned in victory through posts on Truth Social highlighting the positive aspects of the agreement.

BREAKING: U.S. announces a trade agreement with China in Geneva

As news of the tentative agreement broke, U.S. stock futures markets surged, and these gains materialized in a 1,000-point jump in the Dow at the opening bell. Looking beyond the temporary resolution of the trade war between the U.S. and China, Bitcoin has accumulated consecutive wins over the last two weeks. On May 12, Strategy CEO Michael Saylor announced that the company had acquired 13,390 Bitcoin, raising its total balance to 568,840 BTC.

On the same day, shares of healthcare company KindlyMD surged up to 600% after announcing the merger with Nakamoto Holding