$BTC after the announcement of the CPI inflation data for April 2025, Bitcoin broke through the price of $104,000. The CPI inflation data itself was announced at 2.3% YoY, marking the lowest CPI inflation data since February 2021. This raised expectations for a rate cut by The Fed and boosted market sentiment. The focus is now on the PPI data and the speech by Fed Chair Jerome Powell.

Will Bitcoin reach an All Time High again or is this increase just temporary before it ultimately turns bearish? Let's just watch this drama unfold.