Bitcoin Price Forecast: Will CPI Report Impact Rally?

The cryptocurrency market, particularly Bitcoin (BTC), is in anticipation as key U.S. economic data releases loom this week. The upcoming release of the Consumer Price Index (CPI) report and other crucial job reports could significantly impact the price trajectory of Bitcoin. Experts predict volatility in the market should inflation rise above expectations, while a potential rally is contingent on whether Bitcoin manages to break out from its current tight range.