Today, the price of Bitcoin has retreated to below $102,400 amid a wave of profit-taking ahead of the release of U.S. inflation data, reflecting traders' caution regarding the upcoming economic implications.

Major cryptocurrencies have also seen a decline of up to 7%, as markets await the monthly Consumer Price Index report.

CPI data released on May 13, 2025, showed continued inflationary pressures in the energy, food, and housing sectors, which caused Bitcoin to drop by 2.3% within one hour of the announcement.

According to the latest technical analysis, Bitcoin has maintained a support level at $100,790, but it faces strong resistance at $105,720 before resuming its upward trend.

Analysts at Coinpedia believe that a CPI reading of 2.3% or lower could drive expectations for monetary policy easing, allowing speculators to seize new entry points nearby.