Bitcoin’s Wild Ride: Will It Hit $115K or Take a Nose Dive?

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Key points:

  • Bitcoin is flirting with three-week highs as the US CPI data hits the sweet spot.

  • Market players are betting big on Bitcoin soaring, maybe after a little dip to shake things up.

  • CPI has been playing tricks on BTC prices lately, so buckle up!

Bitcoin (BTC) was feeling the thrill of volatility when Wall Street opened on Thursday, thanks to US macro data that hinted at those sweet, sweet interest-rate cuts.

CPI Bullseye: Bitcoin Aimed Higher?

Data from CryptoMoon Markets Pro and TradingView showed BTC/USD doing a little dance around $114,731. 🕺

The August print of the US Consumer Price Index (CPI) was right on the money, adding to the chill vibes from the Producer Price Index (PPI) the day before.

While CPI was at its highest since January, the real shocker was the initial jobless claims, hitting 263,000-way more than the 235,000 everyone was expecting. 😱

Weekly jobless claims just hit 263,000. That’s the highest weekly number since October 2021.

– Josh Schafer (@_JoshSchafer) September 11, 2025

With the labor market looking a bit shaky, the Fed’s chances of cutting rates at its Sept. 17 meeting got a boost. Some are even betting on a bigger cut than the usual 0.25%. 🤑

“Markets are now pricing-in 75 basis points of rate cuts by year-end,” The Kobeissi Letter chimed in on X. 

“While CPI inflation keeps creeping up, the labor market is just too weak to ignore. Next week? Big, big stuff.”

Crypto gurus saw the writing on the wall as Bitcoin broke through $114,500 for the first time since Aug. 24.

“PPI way lower than expected, CPI spot on,” trader Jelle noted on X. 

“Verdict: Inflation isn’t as bad as we thought-bring on the rate cut! With the news out of the way, it’s back to business: higher prices ahead.”

BTC Price: A Repeat of the CPI Trap?

BTC price forecasts emphasized the importance of holding onto recent support levels.

BitBull pointed out that flipping $113,500 from resistance to support was the key move, opening the door to a potential new all-time high.

$BTC has reclaimed a very crucial level.

The $113.5K level, once a tough nut to crack, is now solid support.

Next stop: $117K, and we might just see a new ATH.

– BitBull (@AkaBull_) September 11, 2025

But not everyone was ready to pop the champagne just yet. Some traders saw a retest of support before any real price action.

Skew warned that the market might try to trap and liquidate those eager longs who jumped in after the CPI release.

“One more liquidation before the real fun begins,” he posted on X, noting 2,000 BTC of liquidity on the exchanges.

Ted Pillows, a crypto investor and entrepreneur, went even further, suggesting that BTC/USD might follow its old pattern of rallying before the CPI data and then taking a nosedive.

“In the last 3 CPI data releases, Bitcoin rallied before the data and then dumped hard right after,” he observed, sharing a chart to back it up. 

“This time, BTC rallied before today’s CPI data release, so a dump might be on the horizon.”

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2025-09-11 18:42