Bitcoin eyes $115K on CPI data as traders diverge on new BTC price dip

2 hours ago

Key points:

Bitcoin nears three-week highs arsenic US CPI information matches expectations.
Plenty of marketplace participants spot Bitcoin heading higher arsenic aresult, possibly aft a dip to trap precocious longs.
CPI has seen BTC terms fakeouts successful caller months.

Bitcoin (BTC) saw telltale volatility astatine Thursday’s Wall Street unfastened arsenic US macro information furthered interest-rate chopped odds.

CPI bullseye sees calls for Bitcoin going “higher”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $114,731.

The August people of the US Consumer Price Index (CPI) came successful arsenic expected, complementing a marked cooling of the Producer Price Index (PPI) the time prior.

While CPI was astatine its highest since January, the header fig was alternatively archetypal jobless claims, which saw their largest numbers since October 2021 astatine 263,000 versus 235,000 expected.

Weekly jobless claims conscionable deed 263,000. That's the highest play fig since October 2021. pic.twitter.com/5hoLBpNCEM

— Josh Schafer (@_JoshSchafer) September 11, 2025

Amid ongoing concerns astir labour marketplace weakness, bets of the Fed cutting rates astatine its Sept. 17 gathering lone strengthened aft the CPI release, with markets adjacent seeing an 11% chance of the chopped being much than the minimum 0.25%.

“Markets are present pricing-in 75 ground points of complaint cuts by year-end,” trading assets The Kobeissi Letter noted successful a follow-up thread connected X.

“While CPI ostentation continues to rise, the labour marketplace is simply excessively anemic to ignore. Next week volition beryllium a large week.”

Crypto commentators saw the lawsuit for higher prices adjacent arsenic Bitcoin passed $114,500 for the archetypal clip since Aug. 24.

“PPI overmuch little than expected, CPI arsenic expected,” fashionable trader Jelle responded successful an X post.

“Conclusion: Inflation not arsenic atrocious arsenic expected - bring connected the complaint chopped aboriginal this month. News present down us, clip to resume the scheduled programme: higher.”

BTC terms risks repeating US ostentation information trap

BTC terms forecasts besides stressed the value of recent enactment reclaims.

For chap trader BitBull, flipping $113,500 from absorption to enactment was the cardinal low-time framework event, which opened the doorway to a rematch with all-time highs.

$BTC has reclaimed a precise important level.

The $113.5K level which acted arsenic a absorption has present been flipped into support.

Now the adjacent cardinal level for Bitcoin is to reclaim $117K level, and a caller ATH volition beryllium confirmed. pic.twitter.com/3QdrCtH4ho

— BitBull (@AkaBull_) September 11, 2025

Some perspectives nevertheless saw a caller enactment retest coming earlier a instrumentality to terms discovery.

Trader Skew argued that the marketplace would effort to trap and liquidate longs that entered connected the CPI release.

“One much liquidation earlier higher,” portion of an X station suggested, noting 2,000 BTC of liquidity appearing connected speech bid books.

Crypto capitalist and entrepreneur Ted Pillows went further, suggesting that BTC/USD would transcript erstwhile CPI behaviour to archetypal emergence past plumb caller lows.

“In the past 3 CPI information releases, Bitcoin rallied earlier CPI information and dumped close aft the information release,” helium observed alongside an explanatory chart.

“This time, BTC has rallied earlier today's CPI information release, which means a dump could happen.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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