$BTC $BTC

Bitcoin (BTC) today hovers around $102,000, showing a slight decline in the last 24 hours amid a general atmosphere of caution. Traders are awaiting the upcoming Consumer Price Index (CPI) data, which could trigger significant volatility in the cryptocurrency market.

Technical analysis suggests key support levels around $100,000 and short-term resistance near $104,000. Many indicators show a mixed picture, reflecting the prevailing uncertainty. Trading volume is moderate, indicating a lack of strong directionality at this stage.

Historically, CPI data has had a notable impact on the price of Bitcoin, influencing expectations regarding inflation and Federal Reserve policies. A CPI figure higher than expected could exert downward pressure, while a lower figure could trigger a rally. Attention is focused on how these numbers will affect market sentiment and BTC's next moves.