21Shares Analyst: After the CPI Report, Bitcoin May Be Poised to Rise

Odaily Planet Daily News: Despite the CPI report coming in hotter than expected, Bitcoin has remained firm above the $80,000 mark, suggesting there is room for further price increases. Analyst Matt Mena from 21Shares commented: "The fact that Bitcoin did not drop on this data is arguably more telling than the data itself — the market had already braced for the hot data, digested it, and still holds above the $80,000 support level. With these macro headwinds clearing, we could ultimately see Bitcoin retest the $82,000 resistance level and push toward $85,000."

Matt Mena added that the Senate's vote on the CLARITY Act could also act as a catalyst for an upcoming price surge, potentially reaching as high as $90,000.