Bitcoin Price Could Explode After June 11 CPI Report, Says Analyst
The post Bitcoin Price Could Explode After June 11 CPI Report, Says Analyst appeared first on Coinpedia Fintech News
Bitcoin could be on the verge of a massive breakout, according to popular crypto analyst Doctor Profit, who predicts a potential price surge of up to 170% in the coming months. With a Golden Cross formation, key support near $100K, and a pivotal CPI inflation report just days away, the market may be heading for explosive gains.
Bitcoin Eyes Breakout as Key Resistance Is Tested
At the start of June, Bitcoin was trading at $104,588.85, but briefly dipped 4.10% between June 3–5. However, it bounced back sharply from $100,400 on June 6, rising 2.74% in a single day. Since then, BTC has gained another 5.07%, currently sitting around $106,663.68.
Doctor Profit shared on X (formerly Twitter) that Bitcoin is attempting to break a diagonal resistance line—a move he believes could launch BTC into a new all-time high soon.
“A confirmed Golden Cross and strong $100K support signal a bullish breakout. BTC could rise 70–170% if macro factors align,” he wrote.
Why CPI Inflation Data Could Make or Break BTC Rally
All eyes are on the U.S. Consumer Price Index (CPI) data release scheduled for June 11, 2025. In April, CPI rose from 319.799 to 320.795 points. This month, it’s projected to reach 321.9, according to TEForecast.
More importantly, the U.S. inflation rate, which dropped to 2.3% in April, is expected by Wall Street to rise slightly to 2.5%. However, Doctor Profit believes the number could surprise to the downside—possibly between 2.1% and 2.3%. A lower-than-expected CPI could spark optimism, increasing chances of a Fed rate cut—a bullish catalyst for Bitcoin.
Next Bitcoin Price Target: $108K–$110K?
Doctor Profit also notes a liquidity cluster between $108K and $110K, which may be BTC’s next short-term target before a bigger breakout. If Bitcoin pushes through that zone, it could open the path for a sustained rally.
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FAQs
Lower CPI boosts hopes for Fed rate cuts, often triggering bullish momentum in Bitcoin and crypto markets.
As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.
The next U.S. Consumer Price Index (CPI) report, which will cover May 2025 data, is scheduled for release on Wednesday, June 11, 2025, at 8:30 AM ET.
