Main takeout:
Bitcoin Investor Sentiment reached a seven -month high, and the strong pennant predicted a rally at $ 115,000.
Today’s CPI printing and unexpected PPI opportunities on June 12 can increase the price of BTC.
Bitcoin (BTC) prices simply increased more than $ 110,000 on Wednesday after the US consumer price index (CPI) data was 2.4% (prediction: 2.5%) compared to the previous year. The core CPI also won an estimated at 2.8%(prediction: 2.9%). The US dollar index (DXY) fell to 98.5, and with a number of lowest levels, the market was quickly adjusted to the expectation of the federal preparatory interest rate.
However, as the CPI headline CPI rises again for the first time since January 2025, the probability of the Federal Reserve Bank interest rate will be low next week.
The entire market sentiment around Bitcoin is optimistic, and the cooler CPI printing is a new high of $ 115,000 this week. Price rally may occur on June 12 after the US producer price index (PPI) data is released. The US PPI is expected to increase 0.2% a month and the core PPI is 0.3%.
Prints that are lower than expected can amplify the rally of Bitcoin by strengthening the expectation of pigeons in the late 2025. With higher PPI or amazing macro economy, withdrawal can lead to withdrawal.
Cointelegraph has also reported that Bitcoin is closing a new height by a new optimism on US-China trade trading announced by US President Donald Trump.
The agreement is expected to reduce the macroeconomic threat, which has reduced the BTC price to $ 74,500 in April after Trump’s tariff announcement. The transaction, described as “completion” when the final approval was approved, took the risk of BTC at less than $ 110,000.
Related: ‘unique’ Bitcoin Holder Trend BTC Next Price Discovery Step: GlassNode
Bitcoin sentiment has reached the highest level of seven months.
According to the data analysis platform, Santiment, BTC’s strong sentiment has reached a seven -month peak as a result of a positive social media that traces X and Reddit, doubling the negative social media after Trump’s election in November 2024.
Strong feelings are also reflected in the low funding rate of BTC in the highest price range. The encryption merchant Jacob Canfield said.
“Honestly, the price rises and the financing rate is not a completely flat time. This means that the fundamental assembly is mainly leading. I’m not sure how to see a big sell off without a high leverage in the market. Perhaps this is higher.”
From a technical point of view, Bitcoin forms a strong strength in a one -hour chart to announce potential optimism. The relative strength index (RSI) is reset near level 50, indicating a healthy reuse waiting time within a high integrated range. The immediate resistance is $ 110,000, but the liquidity of $ 108,000 may occur first.
The measured movement of Pennant projects $ 115,000 optimistic goals that match the top trend line expansion. The additional price support is $ 106,748, and the following rest is risk of $ 104,900. Fast recovery from this fall can improve the rising potential of the BTC, but BTC must maintain a stronger on a higher time chart.
Related: The new Bitcoin Treasury Department can be divided by price pressure.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.