🚨Will the price of Bitcoin rise after the upcoming U.S. Consumer Price Index data?
The price of Bitcoin is likely to react to the upcoming Consumer Price Index report (inflation), as macroeconomic data often affects risk assets. Stronger-than-expected inflation could tighten market sentiment, while cooler data may relieve pressure and support the upward trend.
Short-term volatility is expected around the release, but broader trends will depend on the demand response, liquidity, and macroeconomic conditions.
Traders should monitor reactions to the CPI alongside key support and resistance levels.
