{"content":"{spot}(BTCUSDT) Bitcoin's current price is $115,987.21, with a 1.86% increase in value. The cryptocurrency has been highly sensitive to recent CPI prints, with the last three releases triggering a 9-11% drop in BTC. However, with the US PPI data coming in lower than expected yesterday, Bitcoin surged past $114,000, and market sentiment is optimistic. *Today's Key Factors Affecting Bitcoin:* - *US CPI Data Release*: The report is expected to show a 2.9% inflation rate, which could impact Bitcoin's price. A softer print could fuel a major rally, while a higher inflation rate may trigger a sharp sell-off. - *Federal Reserve's Rate Decision*: The CPI report will influence the Fed's September 17 rate cut decision, which could shape the path of interest rates for the rest of 2025. - *Market Sentiment*: Analysts expect resistance around the $116,500-$117,500 level, and a potential breakout could push Bitcoin's price toward $124,000 or even $130,000 in the near term ¹ ². *Bitcoin's Technical Analysis:* - *Support Levels*: $111,008 and $102,066.56 (200-day simple moving average) - *Resistance Levels*: $115,000 (psychological level) and $124,474 (next target for bulls) - *Indicators*: RSI at 54.76, MACD line deeply positive, and ADX at 14.51, reflecting a healthy trend ².","images":[],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}