Bitcoin price prediction today: – Puppies target Llama this weekend 116 km.

Post Bitcoin price forecast today: – Puppies target llama $ 116 kg.

Bitcoin is showing a movement after several weeks of being tied above $111,000. The gap comes as inflation-adjusted data comes in from boosting both stocks and digital assets.

Inflation, stocks higher pressure

The latest consumer price index report came in slightly below the 3.1 percent expected annual inflation rate of 3 percent. That slight difference to the markets, with the S & P 500 moving closer to record highs.

Bitcoin often moves in line with major stock indexes, and the broader appreciation around the digital asset continues to support its position. Historically, Bitcoin has not entered a deep earthquake while the stocks are rising to new highs.

The rate of speed is expected, but wait

Bitcoin remains in a big upward trend on the weekly chart. The extreme trend indicator continues to show green, pointing to an active bull phase. However, there is a loss of momentum, which can move prices for several weeks.

It will close at around $111,000, above its previous high near $110,000. Holding above this level is now important. If the prices are teased below, the recent breakout may be missed. After staying above, the next place, which is expected to be between $114,000 and $116,000, where they were previously sold, has already fled.

Liquidity of the market that will determine the next steps

Heatmap data shows a summary of activity above the current price, mainly $114,000 and $116,000. These zones may be higher than the market place. Again, previous reactions can be delayed in this region, as the reactions that are found at the same level are often repeated.

At this stage, they can be short drafts or small panels in a short period of time. Generally, this type of movement indicates a market cooling before setting a new direction.

Outlook for the coming weeks

A wider picture remains appropriate. Inflation is steady, equity markets are strong, and digital assets continue to attract new interests.

Bitcoin can be expected to dip between $110,000 and $116,000 before building to gain strength. When you slide below $110,000, you open above $116,000 for earnings, and it brings another short-term adjustment.