A new tailwind is sweeping the crypto market, invigorating Bitcoin's price while bestowing favor upon meme coins like Shiba Inu and Pepe Coin. Investors are radiating with optimism, anticipating higher weekly closes after enduring weeks of mounting uncertainties. This BTC price prediction endeavors to evaluate the technical and fundamental structure of Bitcoin ahead of the imminent release of the Consumer Price Index (CPI) report in the US.

一股新的順風正在席捲加密貨幣市場，提振了比特幣的價格，同時也讓 Shiba Inu 和 Pepe Coin 等迷因幣受到青睞。在經歷了數週不斷加劇的不確定性之後，投資者煥發著樂觀的情緒，預計每週收盤價將會上漲。本次比特幣價格預測致力於在美國消費者物價指數（CPI）報告即將發布之前評估比特幣的技術和基本結構。

BTC Price Prediction Ahead Of CPI Data Release

CPI數據發布前的BTC價格預測

CPI serves as one of the most esteemed measures of inflation in the United States. It quantifies the overall change in the prices of goods and services purchased by individuals within the economy over time.

CPI 是美國最受推崇的通膨指標之一。它量化了經濟中個人購買的商品和服務價格隨時間的整體變化。

The US Bureau of Labor Statistics (BLS) is entrusted with the task of calculating and disseminating the CPI metrics as a weighted average. Market observers and economists eagerly await the BLS's release of the data on May 15. Should inflation persist in April, the level of risk associated with volatile assets such as Bitcoin, crypto, and stocks will escalate.

美國勞工統計局 (BLS) 的任務是計算和發布 CPI 指標的加權平均值。市場觀察家和經濟學家熱切等待勞工統計局 5 月 15 日發布的數據。 如果 4 月份通膨持續，與比特幣、加密貨幣和股票等波動性資產相關的風險水準將會升級。

Price movements in recent weeks have hinted at a further correction towards $50,000, although support at $56,500 contributed to bolstering the bull run narrative last week. This week also elevates the stakes for bulls, as Federal Reserve Chair Jerome Powell is scheduled to deliver a public commentary on May 14. Concurrently, markets anticipate the release of the Producer Price Index (PPI).

儘管 56,500 美元的支撐位有助於支撐上週的牛市敘事，但最近幾週的價格走勢暗示將進一步回調至 50,000 美元。由於聯準會主席鮑威爾計劃於 5 月 14 日發表公開評論，本週多頭的賭注也將增加。

Markets have exhibited a high degree of responsiveness and sensitivity to Powell's commentary, particularly when it pertains to the Fed's intended policy decisions. Overall, investors do not anticipate a rate cut at the next Fed meeting in June. Attention has now shifted to September for the first potential rate cut in 2024.

市場對鮑威爾的評論表現出高度的反應和敏感性，特別是當它涉及聯準會預期的政策決定時。總體而言，投資人預計六月的下一次聯準會會議不會降息。現在人們的注意力已轉移到 9 月份，2024 年首次可能降息。

Will Bitcoin Price Surge Or Fall With CPI Data Release?

比特幣價格會隨著CPI數據的發布而上漲還是下跌？

Bitcoin is currently trading its third consecutive daily green candle after the last red candle on May 10. The 2.1% increase to $62,634 contributes to solidifying the uptrend. Nevertheless, BTC price prediction suggests that the largest crypto will remain in a state of uncertainty until support at the 20-day Exponential Moving Average (EMA) and the 50-day EMA is re-established.

繼 5 月 10 日最後一根紅色蠟燭之後，比特幣目前連續第三個每日綠色蠟燭交易。然而，BTC 價格預測表明，在 20 日指數移動平均線 (EMA) 和 50 日 EMA 的支撐重新建立之前，最大的加密貨幣將保持不確定狀態。

BTC price prediction chart | Tradingview

BTC價格預測圖表|交易視圖

The moderately bullish outlook provided by the Moving Average Convergence Divergence (MACD) indicator further enhances the likelihood of a breakout to $70,000 in May. However, its current position at -864, coupled with the presence of short green histograms, introduces the potential risk of downward pressure from the sell side.

移動平均線收斂分歧 (MACD) 指標提供的適度看漲前景進一步增強了 5 月突破 70,000 美元的可能性。然而，其目前位置為-864，加上空頭綠色長條圖的存在，引入了來自賣方下行壓力的潛在風險。