INSUBCONTINENT EXCLUSIVE:
print and the chance for a lower-than-expected PPI on Thursday could drive BTC price higher.Bitcoin (BTC) price briefly rallied above
$110,000 on Wednesday after US Consumer Price Index (CPI) data came in cooler than expected at 2.4% year-over-year (forecast: 2.5%)
Core CPI also beat estimates at 2.8% (forecast: 2.9%)
expectations.US Dollar Index monthly chart
Source: Cointelegraph/TradingViewHowever, the odds of a Federal Reserve interest rate cut next week remain low as headline CPI is rising
again for the first time since January.The overall market sentiment around Bitcoin is bullish, and a cooler CPI print could potentially push
prices to new highs above $115,000 this week
A price rally might occur on Thursday, after the US Producer Price Index (PPI) data is released
by reinforcing dovish Fed expectations over the second half of 2025
closing in on a new high, buoyed by renewed optimism over a US-China trade deal announced by US President Donald Trump.The agreement is
sentiment reached a seven-month high, as positive social media comments, tracked across X and Reddit, have doubled negative ones since
This usually means that the underlying rallies are mostly spot driven
Not sure how we're going to see big sell offs without high leverage in the market
The relative strength index (RSI) is resetting near the 50 level, indicating a healthy cooldown within a higher consolidation range
Immediate resistance lies at $110,000, but a liquidity sweep around $108,000 could occur first, clearing late long orders and absorbing
sell-side liquidity to fuel further upside.Bitcoin 1-hour chart
Additional price support lies at $106,748, with a break below risking a drop to $104,900
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
