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With the recent U.S. Consumer Price Index (CPI) data showing an unexpected increase, Bitcoin (BTC) is likely to experience heightened volatility in the coming week. This inflationary pressure typically drives investors towards BTC as a hedge against fiat devaluation. Analyzing technical indicators, the MACD shows a bullish crossover, suggesting potential upward momentum, while the RSI indicates an overbought condition, warning of possible corrections. If BTC can maintain support above key levels, a rally could be on the horizon. However, traders should remain cautious of external market factors that could influence price action, particularly as sentiment shifts in response to macroeconomic developments.
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