The rise in inflation in the US may hinder Bitcoin (BTC) from reaching a new all-time high. In recent days, the price has reached around $110,000, raising hopes for a new ATH. However, the upcoming Consumer Price Index (CPI) report, which will be released on June 11, creates uncertainty. Inflation for May is expected to increase to 2.5%, which may heighten concerns about the rising cost of living and trigger a market correction. Current trader sentiment indicates greed, which may signal an approaching peak. If the CPI exceeds expectations, BTC could drop to $108,000 or lower. Meanwhile, if inflation turns out to be below forecasts, the price may continue to rise and set a new high. The significance of this event makes the market situation very tense and unpredictable.
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