The next publication of inflation data in the United States could be a key factor for the price of bitcoin. According to a recent 10x Research report, a drop in the consumer price index (IPC) could trigger a new bullish rally, bringing the BTC closer to its historical summits.
Will a surprise on inflation catapult the bitcoin towards a new record?
IPC data, which will be available this February 12, 2025, will influence anticipations concerning Fed policies. A lower than expected inflation could encourage the Fed to reduce interest rates, which would be favorable to risky assets such as Bitcoin.
To this end, a recent 10x Research report suggests that a drop in inflation in the United States could actually trigger a new increase in the BTC. Markus Thielen, said that a drop in the consumer price index (IPC) may surprise markets and lead to a significant increase in the price of bitcoin.
Analysts expect the annual IPC to 2.9 %. However, the trufflation index following real -time inflation decreased by 3.0 % to 2.1 %, suggesting that inflationary pressures could decrease faster than expected. If the IPC is lower than expectations, for example at 2.7 % or 2.8 %, this could cause a powerful Rally of Bitcoin. However, higher inflation than expected could cause a massive sale of the BTC.
The BTC at 120,000 dollars before March?
Recently, bitcoin reserves on exchange platforms have reached a historically low level of 2.5 million BTC, signaling the rarefaction of the available offer. This decrease could lead to a shock from the offer, potentially conducive to an increase in prices. If this rarefaction coincides with a drop in the IPC, the BTC could experience a dazzling increase in the coming days. But is a Bitcoin $ 120,000 possible before March?
Since the BTC is currently negotiating around $ 96,069, reaching $ 120,000 before March seems very ambitious, even for Queen Crypto. Such an increase would imply an increase of almost 25 % in a few weeks, which, although possible, would still require major economic and financial catalysts.
The next IPC data could therefore play a crucial role in the future evolution of the Bitcoin price. Investors now closely monitor these indicators, in order to adjust their strategies accordingly, in particular in the face of this event likely to propel the XRP.
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