#CryptoCPIWatch Here is a summary of #CryptoCPIWatch from May 13, 2025:
1. Context:
The crypto markets are awaiting the U.S. inflation data (CPI), a crucial indicator that could influence the Fed's decisions on interest rates.
2. Market status:
Bitcoin drops below 102,400 $ (-1.8 %)
Ethereum falls to 2,457 $ (-4.6 %)
Altcoins decline by up to -7 %
3. Possible scenarios based on CPI:
CPI < 2.4 %: Good news for cryptos. Possible rebound of BTC above $106,000
CPI > 2.4 %: Risk of maintaining or raising rates. Bearish pressure on the market
4. Technical analysis:
Despite the decline, Bitcoin's RSI shows a bullish divergence — a potential sign of a trend reversal.
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