Bitcoin Stalls at $109K Today — Is a New All-Time High Just Around the Corner?

Jakarta, Pintu News – Bitcoin (BTC) prices have surged in recent days, rekindling hopes of hitting a new all-time high.

Based on the latest price movements, BTC is now just one step away from breaking the resistance level at $110,000.

However, despite its strong momentum, Bitcoin may struggle to print a new ATH when considering external factors such as the soon-to-be-released CPI report.

Bitcoin Price Up 0.27% in 24 Hours

On June 11, 2025, Bitcoin edged up to IDR 1,783,308,000 (around $109,737), marking a slight 0.27% gain in the past 24 hours. During the day, BTC dipped to a low of IDR 1,763,480,218 before peaking at an impressive IDR 1,794,131,847.

According to CoinMarketCap, Bitcoin’s market capitalization now stands at around $2.18 trillion, with trading volume in the last 24 hours falling 5% to $54.57 billion.

Read also: Bitcoin Breaks $109,000, Here are 3 Cryptos that Follow BTC’s Footsteps Today June 10, 2025!

Bitcoin Investor Greed Increases

Trader sentiment towards the Bitcoin market has recently shown an upward trend, indicating growing optimism. However, this shift towards a bullish stance could be a warning signal that the market may be nearing its peak.

When Bitcoin entered the Greed zone, there were concerns that the asset wasoverbought.

Historically, situations like this are often a sign that the Bitcoin price is nearing its peak and could soon experience a reversal.

Although current market sentiment favors the continuation of the uptrend, Bitcoin often remains on the rise despite being in the greed zone. These mixed signals make investors indecisive, as typical patterns of market peaks do not always occur consistently.

As Bitcoin price approaches the resistance level of $110,000, this high optimism could also trigger a price correction in the near future.

Bitcoin’s current macro momentum is heavily influenced by the Consumer Price Index (CPI) report scheduled for release on June 11.

CPI for May is expected to rise by 0.2%, which would push the year-over-year (YoY) inflation rate from 2.3% in April to 2.5%. This increase could add uncertainty to the market, especially if inflation turns out to be higher than expected.

In addition, the recent increased selling behavior in the market suggests caution on the part of investors. The chart shows a rising red bar, reflecting an increase in Bitcoin selling activity.

These factors, coupled with the upcoming CPI data, have the potential to trigger bearish sentiment, which could ultimately lower the price of Bitcoin.

Read also: John Deaton: “Buying Bitcoin (BTC) at $106,000 is Safer than $25,000!”

Investors may adjust their position to expect that rising inflation could negatively impact Bitcoin’s growth, especially if market expectations are not met.

BTC Price Approaches New Highs

On June 10, Bitcoin’s price stood at $109,480, slightly below the important resistance level of $110,000. Although BTC briefly breached this level in the last 24 hours, overall market indicators are signaling a potential price drop.

With trader sentiment rising and the CPI report approaching, Bitcoin could struggle to maintain its current position.

If the CPI report falls short of investors’ expectations, Bitcoin price is likely to drop to the next support level of $108,000. This drop is in response to the negative sentiment generated by the potential rise in inflation.

The inability to break the $110,000 level could be the first sign of a longer downward trend in prices, with a possible correction towards $108,000 or even $106,265, erasing most of the recent gains.

Conversely, if the CPI report shows lower-than-expected YoY inflation – e.g. 2.1% compared to 2.3% – then Bitcoin could experience a price recovery. In this scenario, if Bitcoin manages to make $110,000 a support level, then the price could potentially rise towards the all-time high (ATH) of $111,980 and higher.

A positive CPI report is likely to revive investor confidence, push Bitcoin price to new highs, and erase fears of a price drop.

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:

• BeInCrypto. Bitcoin Price Rise To New All-Time High Could Be Hindered By Rising CPI. Accessed on June 11, 2025