Here’s a read on Bitcoin’s potential moves in the coming days:
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📈 Near-Term Outlook (Next Few Days)
Key macro driver: Upcoming U.S. CPI release (today/this week) is pivotal. A higher-than-expected print (~2.5% YoY expected) could stall BTC by delaying Fed rate cuts .
Current levels: BTC is trading around $109–110k, hovering just below the all-time high (~$112k) .
Sentiment & positioning: Technicals show bullish momentum (RSI ~61, MACD turning positive), with institutions deploying funds via ETFs .
Short-term scenarios:
Bullish: On dovish inflation data, BTC could comfortably test or break above $112k–112.5k.
Bearish: A surprise rise in CPI could trigger a drop toward $106k, potentially even $104k–$105k if macro sentiment weakens .
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🗓️ Forecasts by the Numbers
Timeframe Forecasted Price Notes
Tomorrow ~$109.8k–110.7k CoinLore projects ~$110.7k
Next Week $114k (up to $114.0–114.2k) Traders Union sees strong potential
~$110k (pullback) CoinLore sees ~–1% correction into $109.7k
Changelly forecasts a ~12% 1-day+1-month rally, hitting ~$123k by June 12th .
Binance & Kraken tools assume ~5% upside: targeting ~$109.3k–109.7k in a month, ~$114k by early 2026 .
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✅ Summary
Base case: BTC trades sideways between $108k–112k, awaiting CPI catalyst.
Bull case: Good inflation data sparks rally toward $112–114k in coming days.
Bear case: Weak macro sentiment drags BTC down to $104–106k before any recovery.
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🔍 Strategy Tips
Watch CPI release timing and details closely.
Set entry/exit around $108k–112k range, scaling in gradually on dips or breakthroughs.
Stay aware: strong institutional inflows via ETFs continue to support BTC structurally.
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Let me know if you'd like a chart breakdown or alerts set at key levels!