Key Takeaways
- Rising inflation may reduce the likelihood of Fed rate cuts, adding pressure on BTC, with analysts eyeing a dip to $101,500 before any major rebound.
- Technical indicators such as the cup-and-handle and bull flag patterns suggest a breakout toward $140K–$143K, reinforcing the view that Bitcoin’s uptrend is intact.
After a week marked by turbulence following the Trump-Musk public fallout, Bitcoin (BTC) has entered a consolidation phase, ranging between $103,800 and $106,900 over the last three days. With the cryptocurrency failing to establish a clear directional bias on the daily chart, market watchers are looking ahead to Wednesday’s U.S. Consumer Price Index (CPI) data for clues on Bitcoin’s next move.
Economists forecast a 0.3% month-over-month rise in headline CPI and 2.3% year-over-year, with core inflation expected to climb 2.9%. If the data confirms rising inflation, expectations for near-term Fed rate cuts could diminish, potentially pressuring BTC prices lower. “Inflation data in the week ahead could unleash volatility,” Swissblock noted, predicting a likely dip toward the $104,000 level before any sustained upside.
Bitcoin, what is the plan?
— Swissblock (@swissblock__) June 9, 2025
🔹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. pic.twitter.com/PI6HBSVyhL
Short-Term Weakness but Long-Term Bullish Structure Intact
Despite near-term risks, Bitcoin’s broader trend remains bullish, according to several analysts. Trader Daan Crypto Trades emphasized that BTC has held firmly above its bull market support band at $95,000, suggesting strong underlying momentum. “The high time frame trend still remains very clean,” he said, highlighting the uptrend’s 900-day duration as a signal to exercise some caution.
$BTC Since breaking back above its bull market support band, it has not looked back.
— Daan Crypto Trades (@DaanCrypto) June 8, 2025
Overall high timeframe trend still remains very clean. It has been the easiest cycle to hold on to your spot BTC long term as there has been no larger decline than ~30%.
I think it is important… pic.twitter.com/ToMPhgnVPi
Analyst SuperBro echoed this sentiment, noting that Bitcoin has stayed above its highest weekly close from 2021 for four consecutive weeks and has not dropped below the five-week EMA since early May. “Once it breaks the trendline from 2021, the next leg up should quickly reach $140K–$150K,” SuperBro predicted.
Also Read: Bitcoin Solaris (BTC-S): The Mobile-First Crypto Mining Revolution Poised to Outpace Solana
Technical Patterns Point Toward $140K Breakout
On the weekly chart, Bitcoin is forming two bullish continuation patterns — a cup-and-handle and a bull flag — both pointing to significant upside potential. The cup-and-handle pattern suggests a breakout above the $109,000 neckline could send BTC to around $143,000, while the bull flag projects a similar target of $143,300.
As on-chain, technical, and macro indicators align, analysts remain optimistic that any short-term correction will serve as a launchpad for Bitcoin’s next all-time high — with $140,000 now emerging as a realistic target in the coming weeks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
