Bitcoin Eyes All-Time Highs Amid Upcoming US Inflation Data, Says Crypto Analyst

Bitcoin‘s ability to surpass its all-time highs, reached in March, hinges on the upcoming U.S. inflation results, says a crypto analyst. The Consumer Price Index (CPI) results, set to be released by the Bureau of Labor Statistics on June 12, are pivotal. “If inflation prints 3.3% or lower, Bitcoin should make a new all-time high,” Markus Thielen, head researcher at 10x Research, stated in a report on May 29. This prediction comes ahead of the crucial CPI release. The previous CPI result, recorded on May 15, stood at 3.4%. Thielen emphasizes that a slight decrease to 3.3% could propel Bitcoin