Analysts expect “short-term correction” to $ 140,000

The most important thing shortly:

• The Bitcoin course could fall into the range of $ 100,000 to $ 104,000 in front of new highs.

• The VPI data on June 11th could trigger volatility, whereby a higher inflation could harm Bitcoin.

• BTC forms bullish cup-and-handle and bull flag patterns with the aim of $ 140,000.

After the volatility of the last week, which is through the Public break between Trump and Musk has been fueled, the Bitcoin has (BTC)-In the last three days, leveling off between $ 103,800 and $ 106,900.

Since BTC does not reveal a clear trend during the day, the price of analysts could continue to decrease before reaching new all -time highs.

Do CPI data do the next Bitcoin correction?

The US consumer price index (Cpi) is pending on Wednesday and the markets fear that Trump's tariffs are pressure on market prices increase.

Market analysts assume that the consumer price index in the USA will increase by 0.3 % in the month comparison and 2.3 % in the year. The core VPI (without food and energy) is expected to increase by 0.3 % compared to the previous month and 2.9 % compared to the previous year.

An increasing inflation could reduce the possibility of reducing interest from the FED, which could give the BTC course in a headwind.

“The inflation data in the coming week could trigger volatility”, so the Private asset manager Swissblock in a contribution from June 9 on X.

The analysts of Swissblock said that although the Bitcoin bulls “slowly rebuild their structure and group”, a “short-term test of the lower area was probably $ 104,000”.

Similarly, the analyst Mickybull Crypto said that pissedthat a head-shoulder pattern on the daily chart can be expected to decline the BTC course to $ 101,500. The analyst said:

“Short -term correction, then new all -time highs.”

Like cointelegraph reportedthe $ 100,000 mark remains important because if it does not hold, the BTC price could experience a deeper correction if it moves towards the liquidity clusters below.

Bitcoin bulls still have control

Other Bitcoin analysts believe that each decline will only be temporary, since the upward potential in higher periods remains intact.

Bitcoin has not given in since the “outbreak through its bull market support line”, said The dealer Daan Crypto Trades in a contribution from June 8 to X and added:

“Overall, the trend remains very clean in long periods of time.”

For the Bitcoin course, it is important to keep the support band of the bull market, which is currently $ 95,000, the dealer said and added: “The upward trend now takes more than 900 days, which is usually the time when you should be careful.”

For the technical analyst Superbro, the fact that Bitcoin stayed over the highest weekly closing course of 2021 for four weeks in a row and has not fallen among the five weeks since the beginning of May that the bulls have full control.

“As soon as the course breaks through the trend line of 2021, the next level should quickly reach $ 140-150,000.”

Bitcoin indicators indicate the next rally to $ 140,000

From a technical point of view, the BTC/USD couple has formed a cup-and-and-maker on the weekly chart and a bull flag pattern, both of which indicate massive price gains.

Read too: What you can buy with Bitcoin

In the Cup-and-Handle scenario, the price development of Bitcoin indicates a potential outbreak over the $ 109,000 mark, with a technical goal of $ 143,000, which would mean a profit of $ 35 %.

The bull flag pattern, on the other hand, indicates a potential outbreak towards $ 143,300, as can be seen in the graphic below.

Like cointelegraph reportedthe increase from Bitcoin is plausible to $ 140,000 and is signaled by a number of fundamental, onchain and technical indicators.

This article does not represent investment advice or recommendation. Every investment and every trade goes hand in hand with a risk and you should research yourself before making a decision.