The main dishes to remember:
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The price of Bitcoin can decrease to the range of $ 100,000 to $ 104,000 before new heights.
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IPC data on June 11 could trigger volatility, higher inflation injuring bitcoin.
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BTC forms bull models of cups and handles and bull flag targeting $ 140,000.
After last week’s volatility fueled by Trump-Musk’s public rupture, Bitcoin (BTC) Price established a range between $ 103,800 and $ 106,900 in the last three days.
The BTC not demonstrating a clear directional bias within the daily time, analysts think that the price can drop before reaching new heights of all time.
Will CPI Data feed the next Bitcoin correction?
The American consumer price index (ICC) should read on June 11, the markets fearing that Trump prices add pressure on market prices.
Market analysts provide that the American IPC increases 0.3% per month and by 2.3% in annual shift. The basic IPC, excluding food and energy, is expected to increase by 0.3% per month and 2.9% in annual shift.
In relation: Bitcoin can liquidate $ 15 billion in shorts with 10% BTC price increase – Data
An impression showing increasing inflation could reduce the possibilities of decreasing Fed rates, potentially adding winds contrary to the price of the BTC.
“Inflation data in the coming week could trigger volatility,” said private director of heritage Swissblock in an article on June 9 on X.
Swissblock analysts explained that although Bitcoin bulls “slowly reconstruct the structure and the regrouping”, a “short -term test of the lower beach around $ 104,000 seems likely”.
Similar feelings have been shared by popular analyst Mickybull Crypto, who pointed out that the appearance of a model of head and shoulders on the daily graph predicts that a drop in BTC prices at $ 101,500. The analyst said:
“Short -term correction, then new heights of all time.”
As Cointelegraph reported, $ 100,000 remains a key level to watch because if it does not hold, the price of the BTC can see a deeper correction while it moves to liquidity clusters below.
Bitcoin Bulls still in control
Other Bitcoin analysts believe that any decline in the price would be temporary, because the increase in assets remains intact within higher deadlines.
Bitcoin has not sold since “to break above his Haussier market support group”, said popular merchant Daan Crypto Trades in an article on June 8 on X, adding:
“Overall, the high delay trend remains very clean.”
It is important that the Bitcoin price keeps the bull support group currently at $ 95,000, said the merchant, adding: “The upward trend has lasted more than 900 days now, which is generally when you want to be on the most cautious side.”
For the Technical Analyst Superbro, the fact that Bitcoin was held above the previous weekly closure from 2021 for four consecutive weeks and has not dropped below the 5-week EMA since the beginning of May suggests that the bulls are entirely in control.
“Once it breaks the trend line from 2021, the following mention should quickly reach $ 140,000”
$ BTC weekly
The bulls in control with 4 close directly above the highest previous fence and not a single closure below the EMA 5 since $ 84,000
Once it breaks the trend line from 2021, the next leg should quickly reach $ 140 to 150K pic.twitter.com/jbqixgmzjc
– Super ฿ RO (@SuperBitcoinbro) June 9, 2025
Bitcoin indicators suggest a rally at $ 140,000
From a technical point of view, the BTC / USD pair has formed a cup and a hand and a model of bull flag on the weekly graphic, each indicating massive gains.
In the script for the cup and the English Channel, the action of Bitcoin prices suggests a potential escape greater than the neck of $ 109,000, with a technical target close to $ 143,000, which implies a gain of 35%.
The Taurus flag model, on the other hand, indicates a potential escape around $ 143,300, as shown in the graphic below.
As Cointtelegraph reported, the Bitcoin rally at $ 140,000 is plausible, supported by a range of fundamental, onchain and technical indicators.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
