Key results:

• Bitcoin shows bears from a growing channel, with a risk of gaining profits near USD 106,000.

• A lower than expected printout of consumer prices (CPI) may augment bitcoins, but a higher CPI may augment the pressure of bear, which leads to a price drop below 100,000 USD.

The price of Bitcoin (BTC) reached a high level of USD 105,800 on May 12, but recorded a 3% drop to USD 101,400 during a trade session in Modern York. On the chart of the frame in a lower time (LTF), BTC oscillated between the growing channel pattern before showing the bears of breaking below the lower pattern.

In relation to the confident BTC rush, data analysis platform excellent This testing of BTC approaching USD 106,000 resistance has increased the likelihood of profit. As shown in the chart, Bitcoin is currently approaching the “Alfa Prices” zone, in which long -term owners or whales can bring profits, According to Joao Wedson, General Director of the Alpraktal.

WITH Liquidation point of viewThe risk of “long” squeezing is also increased, and over $ 3.4 billion in long positions at risk of liquidation will drop to $ 100,000. This range can act as a magnet for the price, which leads to a re -test near the psychological level.

Related: High tips of all time Bitcoin are like a US-china agreement sends DXY to 1 month

CPI data is emitted as Bitcoin traders

The current BTC correction may reflect traders that risk before issuing the American consumer price index (CPI) on May 13. Earlier, CPI from March, issued on April 10, amounted to 2.4%, compared to 2.8%in February, despite the 2.5%forecast. It is forecasted that the April CPI will remain at the level of 2.4%, due to the fixed energy prices among sustainable oil production and an augment in moderation wages, soothing pressure on price increases.

Lower than expected CPI (potentially third in a row) can be stubborn for bitcoins, potentially signaling the reduction of the federal reserve rate in 2025, increasing risk assets such as shares and cryptocurrencies. And vice versa, the CPI with a higher than expected may be bear, increasing inflationary concerns and strengthening the dollar, pressing BTC.

If the Bear’s pressure stays on the BTC maps, even after CPI printing, the direct key area of ​​interest remains from 100,500 to 99,700 USD, a fair gap (FVG) on a four -hour chart.

The next FVG remains from USD 98,680 to USD 97,363, which would constitute an 8% correction from the last peaks.

Related: Bitcoin, Altcoins has prepared for a rally on the US-China tariff agreement

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.