#CryptoCPIWatch The cryptocurrency market is closely watching the US Consumer Price Index (CPI) data, which could significantly impact market trends. Here's what's happening ¹ ²:

- *Bitcoin's Price Movement*: Bitcoin recently touched $105,700 before retreating by 3% due to potential profit-taking near the $106,000 resistance level. Currently, it's trading at $102,662.30, down 1.19%.

- *Impact of CPI Data*: A softer CPI print could reignite bullish momentum, while a higher-than-expected number might strengthen the dollar and weigh on crypto prices. Analysts expect the CPI to rise at an annual rate of 2.4% year-over-year in April.

- *Market Sentiment*: Traders are bracing for volatility, with some expecting a healthy correction in Bitcoin's price. Institutional demand remains strong, with corporations acquiring over 157,000 BTC in 2025.

- *Altcoin Performance*: Ethereum slipped below $2,600, while Ripple (XRP) defied the broader trend, rising 4%. Other altcoins like Cardano (ADA) and Solana (SOL) declined.

*Key Levels to Watch*:

- *Bitcoin's Support*: $100,000 psychological level and $98.5K support level

- *Resistance*: $104K-$106K range, with a potential rally to $110K if broken

*Expert Insights*:

- Bitfinex analysts suggest that short-term dips may be quickly absorbed if macro conditions stay favorable, keeping Bitcoin's bullish outlook intact.

- Vikram Subburaj, CEO of Giottus Crypto Platform, sees the dip as a healthy correction, potentially enabling Bitcoin to retest $105,000 later this week ² ¹.