Next Key Date: June 12

With the next release of CPI data scheduled for June 12, we expect Bitcoin spot ETF inflows to remain strong over the next two weeks, which should help Bitcoin reach new all-time highs.

When the market expects another disappointing rise in inflation on May 15, our model predicts a small decline in Bitcoin prices. When we model inflation for the next two months, we may see inflation hovering around current levels and a downward trend soon. If the inflation index reaches 3.3% or lower, Bitcoin prices should hit new all-time highs.

This will continue to provide "some motivation" for Bitcoin spot ETF investors to allocate Bitcoin and support Bitcoin prices.