Although U.S. inflation remains above the Federal Reserve’s 2% target at 2.4%, recent data suggests a potential slowdown in price increases. The Consumer Price Index (CPI) showed a modest 0.1% increase for May, with core CPI also rising by 0.1%. However, apparel prices fell for the fourth consecutive month, defying expectations of inflation driven by tariffs. This unexpected deflationary trend may be influencing the market’s outlook on Bitcoin’s potential rise. Technical analysis indicates a bullish long-term outlook for Bitcoin, as its price recently surpassed the $4,500 level and continues to hold above critical moving averages. Key indicators such as On Balance Volume (OBV) and Chaikin Money Flow (CMF) also suggest strong buying pressure. The Fair Value Gap at $98k-$100.7k was a significant area of resistance tested earlier in June, highlighting the growing demand for Bitcoin. With sustained bullish momentum on both short-term and long-term charts, analysts believe Bitcoin could reach an all-time high exceeding $200,000. However, this remains speculative, and further market developments will influence its trajectory.