📈 How will tomorrow's US CPI data impact Bitcoin? Analysts weigh in with price predictions for both scenarios.

Investors are eagerly awaiting the April Consumer Price Index (CPI) data, a crucial inflation indicator expected to show improvement compared to March. According to Zerocap, if the data reveals unexpected shocks, Bitcoin could see a 13% drop to $53,000. Conversely, positive data indicating cooling inflation could propel Bitcoin back to $65,000.

Analysts suggest that a decline in inflation could prompt the Fed to lower interest rates, benefiting riskier assets like Bitcoin by reducing borrowing costs and encouraging investment.

Despite short-term uncertainties, the long-term outlook for the US economy remains positive. David Brickell, head of international distribution at FRNT Financial, and Chris Mill, a former forex trader, are optimistic, stating, "Given the emerging macro dynamic, it's not a question of if Bitcoin will reach new highs, but when."

Keep an eye on the CPI data tomorrow for potential market movements! #Bitcoin #CPI #MarketAnalysis $BTC $ETH 🚀📉#NOTCOIN