**Bitcoin Price Dips Amid Inflation Data, Faces Resistance at $58K**

Bitcoin (BTC) saw a 2.2% drop on Sept. 11 after US consumer inflation data was released, but quickly bounced back to $56,500. This move mirrored the S&P 500, which fell 1.6% as inflation hit a three-year low. Despite the recovery, traders are skeptical about BTC breaking the $58,000 resistance due to bearish futures positions.

The US Core Consumer Price Index rose 2.5% year-over-year in August, impacting market expectations for a Fed rate cut. This uncertainty, combined with regulatory concerns and ETF outflows, has kept Bitcoin's bullish momentum in check.

While Bitcoin's funding rates and options markets show mixed sentiment, the stock market's reaction will likely influence BTC's next move.