Bitcoin's price surged above $105K, reaching a critical point with the upcoming CPI data set to determine its next move.
If the CPI shows cooling inflation, Bitcoin may rally towards new all-time highs; higher CPI could lead to consolidation.
With a bullish MACD cross suggesting potential upside, Bitcoin's fate hinges on the Tuesday CPI report and broader economic factors.
Bitcoin's price reaction to the CPI data release could either lead to a surge towards new highs, consolidation, or a short-term dip depending on the actual CPI figures.