Key Points:
Bitcoin is approaching a three-week high as US CPI data matches expectations.
Many market participants have seen Bitcoin look high as Aresult after soaking up to lock in the slow long.
CPI has seen fake BTC prices over the last few months.
Bitcoin (BTC) saw obvious volatility at the Wall Street Open on Thursday as US macro data promoted interest rate reduction odds.
CPI Bullseye sees Bitcoin calling “higher”
Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD has skyrocketed to $114,731.
The August printing of the US Consumer Price Index (CPI) appeared as expected, supplementing the significant cooling of the producer Price Index (PPI) the day before.
The CPI was the highest since January, but the headline figures were instead early unemployment claims, with the highest number since October 2021 at 263,000, with a forecast of 235,000.
Weekly unemployment claims reached 263,000. This is the highest number of weeks since October 2021. pic.twitter.com/5holbpncem
– Josh Schafer (@_joshschafer) September 11, 2025
Amid continuing concerns about labor market debilitating, the Federal Reserve cut rate bet at the September 17 meeting was only strengthened after the release of the CPI, with an 11% increase in the market’s chances of cuts exceeding a minimum of 0.25%.
“Currently, the market is priced at 75 basis points per year-end interest rate reduction points,” the resource trading Kobeissi letter notes in X’s follow-up thread.
“CPI inflation continues to rise, but the labour market is too weak to ignore. Next week will be a big week.”
Crypto commentators saw the next price rise case as Bitcoin passed $114,500 for the first time since August 24th.
“More than expected, CPI as expected,” popular trader Jere responded with X-Post.
“Conclusion: Inflation rates aren’t as bad as expected – we’ll bring rate cuts later this month. News now, time to resume scheduled programs: high.”
BTC prices risk repeat US inflation data traps
The BTC price forecast also highlighted the importance of recent support.
Related: Bitcoin price could reach $160,000 in October as MACD Golden Cross returns
For fellow trader Bitbull, turning $113,500 from resistance to support was the major frame event of the greatest phrase ever.
$BTC recovered a very important level.
The $113.5,000 level that acts as a resistance is currently supported.
Here, the next important level of Bitcoin is to regain the $117K level, confirming the new ATH. pic.twitter.com/3qdrcth4ho
– Bitbull (@akabull_) September 11, 2025
Nevertheless, some perspectives saw a new support retest coming before returning to price discovery.
Trader Skew claimed that the market would lock up and liquidate Long, which has entered the CPI release.
A part of the X Post proposed, noting that the liquidity of 2,000 BTC has emerged in Exchange Order Books.
Crypto Investor and Antrepreneur Ted Pillows goes further, suggesting that BTC/USD will copy previous CPI behavior and will rise first, then increase fresh lows.
“In the last three CPI data releases, Bitcoin gathered before CPI data and was dumped immediately after the data release,” he observed along with the description chart.
“This time, BTC recovered prior to today’s CPI data release, which means there is a possibility of a dump.”
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
