Bitcoin (BTC) is trading around $104,500, showing a 3.1% decline in the last 24 hours. After briefly pushing above $110K following soft U.S. inflation data, the price retreated as traders locked in profits. The CPI news boosted hopes of potential Fed rate cuts, sparking a short-term bullish wave across the crypto market. Analysts remain optimistic, with some forecasting BTC could reach $200K by year-end if momentum sustains. Technically, Bitcoin is holding above key support at $100K, while resistance stands near $110K–$112K. Market sentiment stays cautiously bullish, supported by macro signals and strong long-term fundamentals.
