Main meals:
-
Bitcoin price may decrease towards $ 100,000-104,000 dollars before the new highlands.
-
On June 11, CPI data can lead to volatility, with high inflation that harms bitcoin.
-
BTC creates the ups of the bullish science, the cup and the bull targeting $ 140,000.
After fluctuating last week, feed it Trump Musk’s disintegrationBitcoin (BTCPRICE has created a range ranging between 103,800 dollars and 106,900 dollars during the past three days.
With BTC failing to show a clear directional bias in the daily time frame, analysts believe that the price may decrease before reaching its highest levels ever.
Will the CPI data support the following Bitcoin correction?
US Consumer price index (CPI) is scheduled to be read on June 11, with markets for fear of Trump’s tariff Add pressure On market prices.
CPI market analysts in the United States are 0.3 % month and 2.3 % year on an annual basis. Core Core CPI, with the exception of food and energy, is expected to increase by 0.3 % month and 2.9 % on an annual basis.
Related to: Bitcoin can filter $ 15 billion in short pants by 10 % of BTC – data
The print that shows increased inflation can reduce the capabilities of reducing the Federal Reserve, which may add the opposite winds to the BTC price.
“Inflation data can be launched next week, fluctuations,” He said Swimplock Special Wealth Director on June 9 on X.
Swissblock analysts explained that although Bitcoin Bulls “slowly rebuild the structure and reassemble their ranks”, which is “a short -term test for the minimum of about $ 104,000 appears.”
The famous analyst Mickybull Crypto shared similar feelings Indicate The appearance of the head and shoulder style on the daily chart expects BTC to drop to $ 101,500. The analyst said:
“Short -term correction, then new levels at all.”
As CoINTELEGRAPH I mentioned100,000 dollars remain a major level of viewing because if it fails to keep it, the BTC price may see a deeper correction as it moves towards groups of liquidity under it.
Bitcoin is still in control
Other Bitcoin analysts believe that any price decline will be temporary, as the upper side of the original remains intact in the upper timelines.
Bitcoin has not retired since “Breaking Over Bull Market Band” He said In the June 8 publication on X, adding:
“In general, the high time frame is still very clean.”
The trader said it is important for the Bitcoin price to stick to the scale of the bull market currently at $ 95,000, adding: “The upward trend has continued for 900+ days, which is usually when you want to be on the most careful aspect of things.”
For Superbro, the fact that Bitcoin was held above the highest weekly weekly week in 2021 for four consecutive weeks and has not decreased to less EMA for 5 weeks since early May indicates that the bulls completely control.
“Once the direction line is broken from 2021, the next stage must reach 140-150 thousand dollars.”
$ BTC weekly
The bulls in control with 4 straight closure above the highest previous closure and not one closure under 5 EMA since 84 thousand dollars
Once the direction line is broken from 2021, the next stage must reach 140-150 thousand dollars quickly pic.twitter.com/jbqixgmzjc
Super ฿ Ro (Superbitcoinbro) June 9, 2025
Bitcoin indicators indicate an increase to 140 thousand dollars after that
From a technical perspective, the BTC/USD pair formed a cup, a contract and a bull science pattern on the weekly graph, each indicating enormous gains.
in Cup and handle The scenario, the bitcoin price indicates a possible outbreak over the neckline of $ 109,000, with a technical target near $ 143,000, which implicitly gained 35 %.
the Taurus science The pattern, on the other hand, indicates a possible outbreak of about $ 143,300, as shown in the graph below.
As CoINTELEGRAPH I mentionedBitcoin collected a reasonable $ 140,000, supported by a set of basic indicators, onchain and technology.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
publish_date
