Key points:
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Bitcoin’s price could drop to the $100,000 to $104,000 range.
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The June 11 CPI data could trigger volatility, and higher inflation could hurt Bitcoin.
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BTC is forming a bullish cup and bullfighting flag pattern targeting $140,000.
After last week’s fluctuation Trump-Muske public breakupBitcoin (BTC) Price has established a range of $103,800 to $106,900 over the past three days.
As BTC fails to prove obvious directional bias in the daily time frame, analysts believe prices may drop before reaching new all-time highs.
Will the next correction of CPI data fuel Bitcoin?
USA Consumer Price Index (CPI) will be read on June 11, with markets worried about Trump’s tariffs Increase stress Market price.
Market analysts predict that the U.S. CPI rose 0.3% per month and 2.3% year-on-year. The core CPI, excluding food and energy, is expected to increase by 0.3% in the month and 2.9% year-on-year growth.
Related: Bitcoin can rise at 10% BTC price – Data clearing $15B
Prints showing increased inflation could reduce the likelihood of the Fed’s decline and could increase the headwind of BTC prices.
“Inflation data in the coming week may release volatility,” explain Private Wealth Manager Swissblock posted on X on June 9.
Swissblock analysts explained that while the Bitcoin Bulls “slowly rebuild the structure and reorganize,” “a short-term test for the lower range may look like $104,000, and it may seem possible.”
Popular analyst Mickybull Crypto shares a similar view, Point out The emergence of head and shoulder patterns on the daily chart is expected to drop to $101,500. Analysts said:
“Short-term correction, then a new all-time high.”
As a Cointelegraph Report$100,000 is still a key level, as if it were not held, the price of BTC may see a deeper correction as it moves towards the liquidity group below it.
Bitcoin Bulls Still in Control
Other Bitcoin analysts believe that any pullback in price is temporary, as the upside of assets remains intact over a higher time frame.
Bitcoin hasn’t relaxed since “returning back to its bull-selling band” explain In the post on June 8 on X, add:
“Overall, the high altitude trend is still very clean.”
Traders say it is important to keep the price of Bitcoin at present at $95,000, adding: “The uptrend has been going on for over 900 days, and it’s usually you want to be on the more cautious side.”
For technical analyst Superbro, Bitcoin has maintained its previous weekly high distance for four consecutive weeks (from 2021) and has not dropped below the five-week EMA since early May.
“Once it breaks the 2021 trend line, the next leg should quickly reach $140-150k”
$ btc weekly
Since $84K, 4 consecutive shutdowns at the control-controlled bulls, instead of a single shutdown below 5 EMA
Once the 2021 trend line is broken, the next leg should quickly reach $140-150k pic.twitter.com/jbqixgmzjc
– Super ฿ro (@superbitcoinbro) June 9, 2025
Bitcoin’s metrics hint at the next $140K
From a technical point of view, the BTC/USD pair has been forming cup and cow flag patterns on the weekly chart, each representing huge gains.
exist Cup handle The situation of Bitcoin’s price action shows that the potential breakthrough is beyond the $109,000 neckline and the technical target is close to $143,000, which means a 35% increase.
this Cow Flag On the other hand, the pattern indicates that it may break through $143,300, as shown in the figure below.
As a Cointelegraph ReportBitcoin’s rally to $140,000 is reasonable and supported by a range of basic, bone and technical indicators.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
