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Bitcoin started the week with significant volatility, showing the market’s unpredictability. After a keen 6% drop that brought the price to fresh lows around $89,100, BTC made an impressive rebound, rising 9% to regain the $97,000 level. This rapid rebound highlights both Bitcoin’s resilience and cautious sentiment among investors navigating uncertain market conditions.
The cryptocurrency market is now focused on today’s Consumer Price Index (CPI) report, a key economic indicator that will provide insight into inflation trends. Expectations are leaning towards a potential enhance in inflation, which could have a major impact on Bitcoin’s price trajectory as investors evaluate its role as a hedge against economic instability.
Top analyst Jelle addressed the current market dynamics, sharing technical analysis that suggests Bitcoin is likely to face “bumpy conditions for some time” before finding a smoother path higher. According to Jelle, the current phase of consolidation could set the stage for an upward continuation once inflation data and market reactions stabilize.
With Bitcoin oscillating near critical resistance levels, the outcome of the CPI report will be crucial in determining whether BTC will be able to maintain its rebound or face renewed pressure. Investors are preparing for the vigorous day ahead.
Bitcoin Gaining Momentum Amid Volatility
Bitcoin is starting to excite bulls as recent price action signals potential strength. The cryptocurrency exhibited a classic trend reversal pattern, characterized by high volatility, significant trading volume, and quick crashes followed by quick rebounds. This combination of factors often precedes gigantic price moves, and many investors are currently sanguine about Bitcoin’s prospects.
Due to the publication of the Consumer Price Index (CPI) report scheduled for today, market participants are preparing for a volatile session. The report, which offers insight into inflation trends, could significantly impact Bitcoin’s price trajectory.
Jelle’s top analyst shared his technical analysis on X, emphasizing that Bitcoin regaining the level of 97,000. dollars is a promising event. While he expects volatility to continue after the report’s release, Jelle is confident that BTC will continue to climb higher in the coming weeks.
The broader macroeconomic backdrop adds to the uncertainty. As President-elect Donald Trump prepares to take office on January 20, there is a mixture of fear and uncertainty in the market. This political change has made investors more cautious, which further influences Bitcoin’s movements.
Despite these challenges, the resilience Bitcoin has shown in recent days confirms the sanguine scenario. If BTC maintains its upward trajectory, it could pave the way for significant gains as economic and political events unfold in the coming weeks.
The price is almost PLN 97,000. dollars
Bitcoin is trading at $97,000 after an impressive 9% rebound from its recent low of $89,164. This rally shows renewed bullish momentum, but BTC now faces a critical challenge, testing the 4-hour 200 moving average at $97,400. This technical indicator is often viewed as a key measure of short-term trend strength and direction.

Successfully regaining value and stabilizing above this level could be the springboard for Bitcoin to push towards and even potentially surpass the $100,000 psychological milestone. Such a move would likely fuel further optimism in the market and reinforce the narrative of a resumption of the forceful bullish trend.
However, the situation remains tender. The loss of support at $95,500 could signal a weakening of bullish momentum and open the door to a deeper correction. In such a case, Bitcoin could retest zones of lower demand, which could shake investor confidence and extend the current consolidation phase.
Featured image from Dall-E, chart from TradingView