The post Can Bitcoin Price Hit $100k as US CPI Meets Wall Street Expectations? appeared on BitcoinEthereumNews.com.
Key Insights: Bitcoin price action recorded a 2.54% surge over the last 24 hours as US CPI inflation data boosted market optimism. The price increase followed the release of US CPI data that matched earlier economic forecasts. Trader Daan Crypto Trades noted that the recent price chop has created solid liquidity on both sides. As per his post on X, key levels to keep tabs on include $92,600 to $94,000 on the upside. Ali_charts predicted a break above $94,555 would likely propel Bitcoin price to $105,000. Bitcoin price action recorded a 2.54% surge over the last 24 hours following the release of US CPI data that met earlier economic forecasts. The consumer price index (CPI) reached 2.7% over the past year in December. On Truth Social, Trump described the current inflation figures as strong and urged Fed Chairman Jerome Powell to cut interest rates sharply. Bitcoin Price Prediction: Expert Predicts Bitcoin Price Will Hit $105,000 Bitcoin is hitting an important resistance level, according to crypto analyst Ali_charts. On the 12-hour chart, the BTC USD price is just under $94,555. This level has stopped Bitcoin/USD from moving higher several times in the past. With each attempt to break out, facing fierce resistance Commentator Exitpump highlighted two volume-weighted average price (VWAP) trendlines forming a significant resistance zone. VWAP shows the average price over a period, weighted by trade volume, giving a sense of where buyers and sellers are concentrated. Bitcoin Price Chart After US CPI | Source: Exitpump Trader Daan Crypto Trades noted that the recent price chop has created solid liquidity on both sides. As per his post on X, key levels to keep tabs on include $92,600 to $94,000 on the upside as well as $88,700 to $89,800 on the downside. Meanwhile, according to Ali_charts, Bitcoin price needs to close…