Bitcoin price nears new ATH as CPI report looms over rally
CPI could decide Bitcoin’s fate near ATH levels
Bitcoin’s remarkable rally has brought the world’s largest cryptocurrency within striking distance of a new all-time high.
With prices approaching the $110,000 resistance level, investor optimism is surging. However, concerns over the upcoming U.S. Consumer Price Index (CPI) report could derail bullish momentum.
Key takeaways
- Bitcoin nears $110K, but CPI report could trigger correction.
- Investor sentiment in 'Greed' zone, raising overbought concerns.
- High inflation risk could drive BTC back to $108K.
- Positive CPI surprise may push BTC to $111,980 and beyond.
Resistance meets reality: CPI looms large
At the time of writing, Bitcoin is hovering just below $110,000, driven by renewed optimism surrounding U.S.–China trade negotiations and fueled by renewed interest in the crypto market. Yet, the very same sentiment—now entering the "Greed" zone—could signal a market peak.
While Bitcoin has benefited from recent bullish momentum, the looming CPI release presents a significant macroeconomic risk. If the inflation report shows higher-than-expected numbers, fears of tighter monetary policy could cause a pullback in risky assets—Bitcoin included. Analysts suggest BTC could dip to $108,000 under such conditions.
Conversely, a cooler-than-anticipated CPI figure would strengthen bullish narratives. This could prompt Bitcoin to break past its $110,000 resistance and aim for new highs, with a near-term target of $111,980.
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As of publication, Bitcoin was trading at $109,275, marking a nearly 4% gain over the past 24 hours. This sharp upward move puts the leading cryptocurrency within striking distance of its all-time high of $111,814, last reached on May 22, 2025.
Bitcoin price dynamics (June 2025). Source: TradingView
Market greed clouds clarity
Sentiment metrics place the crypto market firmly in the "Greed" zone. Historically, this level of enthusiasm has often preceded sharp corrections. Still, Bitcoin has defied such patterns before, continuing to climb even as sentiment overheats. This has created uncertainty among traders, unsure whether the current rally has more room to run or is teetering on the edge of a reversal.
As Bitcoin hovers just below its historic peak, all eyes turn to the upcoming CPI report for clarity on its next move. The market’s optimism could either be validated by a favorable inflation reading or undercut by hotter-than-expected data. Either way, volatility seems inevitable in the coming days.
The editorial board has previously reported about China and U.S. suspend trade war.
