US CPI Inflation Drops to 2.3% — Is Bitcoin About to Explode to a New All-Time High?

Jakarta, Pintu News – Bitcoin (BTC) price received a major boost after the release of the United States CPI (Consumer Price Index) inflation data. The latest data showed that inflation in the US is starting to ease, a development that is considered positive for risky assets like BTC.

In line with this, crypto analyst Jelle predicts that the major cryptocurrency could soon hit an all-time high (ATH).

Bitcoin Price Eyes ATH as US CPI Inflation Falls to 2.3%

In a post on the X platform, crypto analyst Jelle stated that Bitcoin price has the potential to hit another all-time high (ATH) and even set a new record in the near future.

Read also: 5 Altcoins that Crypto Whales Are Buying After the US-China Trade Deal!

He cited the latest CPI inflation data from the United States as the main reason for the positive outlook on the flagship crypto asset.

Jelle notes that the CPI has just hit a four-year low and calls the current economic conditions quite strong. Therefore, according to him, it is a good time for risky assets such as BTC to continue their upward rally.

Data from the US Bureau of Labor Statistics showed that annual CPI fell to 2.3%, lower than market expectations of 2.4%. On a monthly basis, inflation also fell to 0.3%, slightly below the same forecast.

This latest inflation data was released just days after Fed Chairman Jerome Powell and the US central bank decided to keep interest rates on hold in the May FOMC meeting. This decline in inflation further strengthens the argument for a possible interest rate cut by the Fed.

However, market participants are still not anticipating a rate cut at the June or July FOMC meeting, and expect the first cut to occur in September.

Interest rate cuts are usually positive for Bitcoin prices as they attract more capital flows into the major cryptocurrency.

The Next Big Move Will Happen After the Breakout

In a post on the X platform, crypto analyst Titan of Crypto stated that the next big move for Bitcoin will happen after the breakout.

Currently, he noted that the Fair Value Gap (FVG) is serving as an area of support for BTC, as expected. In the chart he shared, this FVG is located just above the $100,000 level.

Read also: Metaplanet Buys Another 1,271 Bitcoins! Will BTC Price Explode This Week?

Previously, the analyst had warned that Bitcoin price could drop below $100,000 to retest the Tenkan level, which is currently around $99,500.

Meanwhile, another crypto analyst, Rekt Capital, also predicts that BTC could soon experience a breakout towards a new all-time high (ATH).

Bitcoin price has so far followed the pattern or “roadmap” outlined by Rekt Capital in our previous analysis. Recent price movements show that BTC is able to hold above the $97,000 to $99,000 support area.

With prices remaining strong above those levels, the next step in the roadmap is for BTC to break out to a new ATH.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. US CPI Inflation Drops To 2.3%, Bitcoin Price To Hit ATH Soon? Accessed on May 14, 2025