Glassnode Joint Creation: Bitcoin faces potential trend of first falling and then rising in CPI driven volatility

Glassnode co founders Yann Allemann and Jan Happel reported through their X account Negentropy that "today's release of the US Consumer Price Index (CPI) will bring volatility to the market. The expected value is expected to be high, but any unexpected event could trigger market turbulence. Bitcoin is currently maintained at around $95000, but may fall to the range of $94000 to $92000 to absorb liquidity. If this trend holds true, a bullish reversal could push Bitcoin back into the $97000 to $98500 range - a crucial area that must be recovered before moving towards the $100000 target