Bitcoin Nears a Three-Week High Amid CPI Data Releases

Key Points:

• Bitcoin is nearing a three-week peak as US CPI data aligns with projections.

• Market participants note that Bitcoin appears high as more investors lock in positions for the long term.

• The Consumer Price Index (CPI) has influenced Bitcoin prices over recent months.

On Thursday, Bitcoin (BTC) experienced notable volatility coinciding with the Wall Street Open, as US economic data raised expectations for interest rate cuts.

CPI Data Boosts Bitcoin Sentiment

According to Cointelegraph Markets Pro and TradingView, Bitcoin prices surged up to $114,731. The latest figures from the US Consumer Price Index for August met predictions, which followed a cooling trend in the Producer Price Index (PPI) released the previous day.

While CPI was at its peak since January, rising unemployment claims also drew attention. The number of initial claims jumped to 263,000, exceeding the forecast of 235,000—marking the highest figure since October 2021.

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

Concerns linger about the labor market, and after the CPI’s release, expectations for the Federal Reserve’s upcoming rate cut on September 17 have grown stronger. The market now sees an 11% chance of a cut exceeding 0.25%.

“Currently, the market is estimating a total of 75 basis points in rate reductions by the end of the year,” noted an analyst from Kobeissi Letter. This situation has sparked interest in the financial community.

“CPI inflation continues to rise, but the labor market is too weak to overlook. Next week will be significant.”

Crypto experts are identifying a potential path for Bitcoin to climb above $114,500 for the first time since August 24.

Popular trader Gel reacted to the news, stating, “More than expected, CPI as expected.”

“In conclusion: Inflation rates aren’t as daunting as anticipated—we expect rate cuts soon. Now, it’s time to focus on higher targets.”

Bitcoin Prices and Inflation Data

The BTC price forecast underscores the importance of recent support levels.

Trader Bitbull pointed out that shifting $113,500 from a resistance level to support is a significant development.

$ BTC has regained an important level.

The $113.5K level that once acted as resistance is now functioning as support.

The next critical point for Bitcoin is to reclaim the $117K level to confirm a new all-time high. pic.twitter.com/3qdrcth4ho

– Bitbull (@akabull_) September 11, 2025

However, some analysts predict a retest of the support before more price exploration occurs. Trader Skew mentioned that the market might lock up and see liquidations leading into the CPI release.

“One more liquidation before moving higher,” he noted, highlighting the liquidity of 2,000 BTC visible in exchange order books.

Crypto investor Ted Pillows suggested that BTC/USD might mimic previous CPI trends—rising initially, then hitting new lows afterward.

“In the past three CPI data releases, Bitcoin surged ahead of the announcement then fell sharply afterward,” he observed.

“This time, BTC’s recovery prior to today’s CPI announcement suggests a potential pullback.”

This article does not provide investment advice. As always, readers should conduct thorough research before making any financial decisions.