Bitcoin Price Prediction: Will This Week’s CPI Report Trigger a Rally?

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Is Bitcoin About to Go on a Wild Ride or Just Take a Nap?

Ah, the world of Bitcoin trading—where fortunes are made and lost faster than you can say “blockchain.” This week, traders are on high alert as U.S.-China trade talks commence, and key inflation and job reports are about to drop like a surprise guest at a family reunion. If inflation heats up, it could rattle the markets and send Bitcoin’s price into a tailspin. Everyone’s watching closely, like hawks at a buffet. 🦅

In a shocking twist, Bitcoin has slightly recovered today, trading at a staggering $107,423—up a whole 1.8% in the past day! It was flatlining around $105,650 after forming a doji candle on Sunday. (No, that’s not a new sushi roll.) Meanwhile, its network activity has slowed to a crawl, with daily on-chain transactions dropping to a one-year low, according to Blockchain.com. Altcoins like XRP and DOGE also fell 1-2%, but they’ve managed to claw their way back into the green today. 🌱

Bitcoin Stuck In a Tight Range

According to QCP Capital, traders are keeping a close eye on Bitcoin as it remains stuck in a tight range, like a kid in a too-small sweater. Even though implied volatility is at one-year lows and looks cheap (like that clearance rack at your local department store), actual price moves are even smaller. Historically, short-term volatility tends to drop more by July, just like last year when Bitcoin struggled to break $70K and the volatility fell faster than my New Year’s resolutions.

They pointed out that if Bitcoin breaks below $100K or jumps above $110K, it could spark fresh interest in the market. But for now, it’s like waiting for a bus that never arrives. The recent macro news caused quick reactions, but those moves faded faster than my enthusiasm for exercise.

Bitcoin Up For a Big Move In the Long Term?

After a strong U.S. jobs report boosted the stock market and sent gold prices tumbling, Bitcoin remained mostly unchanged, showing signs of slowing down—like a sloth on a Sunday stroll. Trading activity in Bitcoin futures is increasing, but fewer investors are putting their money into Bitcoin ETFs. Traders are now betting on Bitcoin to do well later in the year, not anytime soon. Patience is a virtue, right? 🙄

Bitcoin might be gearing up for a move higher as fresh data shows a big liquidity zone around $106,736. These zones often pull price action like a magnet, and with BTC already testing $105K, a breakout could be on the horizon. Or it could just be another mirage in the desert of cryptocurrency. Who knows?

New All-time Highs Soon?

Also, Bitcoin’s realized profit/loss has dropped 90% since June 4, which means fewer investors are selling at a loss. This reduces the selling pressure and supports a potential rise. With Bitcoin showing no clear direction on the daily chart, analysts believe it might dip further before making a move toward new all-time highs. Because why not add a little drama to the mix?

Analysts at Swissblock warn that rising inflation could trigger volatility, and BTC may test support around $104K. Analyst Mickybull Crypto also sees a possible drop to $101,500 due to a head-and-shoulders pattern. If BTC loses the $100K level, it could face a deeper correction. “Short-term correction, then new all-time highs,” he said, sounding like a motivational speaker at a cryptocurrency convention.

Bitcoin, what is the plan?

Inflation data in the week ahead could unleash volatility.
Bulls are slowly rebuilding structure and regrouping, eager to flip the game.
First steps are in, but a short-term test of the lower range ($104k) looks likely.

Stay sharp.

— Swissblock (@swissblock__) June 9, 2025

Analysts say that any price dip will be short-lived because the long-term uptrend is strong. Once it breaks the 2021 trendline, it could quickly climb to $140K–$150K. Bitcoin’s weekly chart also shows strong bullish signs with both a cup-and-handle and a bull flag pattern, pointing to a possible breakout above $109,000. These patterns suggest BTC could surge about 35%, reaching around $143,000. Or it could just as easily plummet into the abyss. Who’s to say?

Key Events This Week-

Market optimism is high as the U.S.-China trade talks kick off in London, with Trump saying the meeting “should go very well.” (Fingers crossed, right?) All eyes are now on Wednesday’s U.S. inflation report to see if the tariffs are pushing prices higher. If inflation is hotter than expected, it could reduce chances of Fed rate cuts and shake up markets. The job reports on Thursday are also a key event that traders are watching closely for any signs. Because nothing says “fun” like waiting for economic data to drop!

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2025-06-09 14:53