Bitcoin Price Correction Prepares for CPI Impact

Recent price fluctuations in Bitcoin (BTC) may indicate a short-term correction ahead of the May 13th Consumer Price Index (CPI) report. Despite an initial surge triggered by positive US-China trade talks, BTC price briefly dipped below $102,000 before regaining its momentum. Analysts attribute this movement to potential de-risking ahead of the CPI release, as traders anticipate market volatility in light of recent economic developments.