Analysts predict that Bitcoin may experience a short-term correction, potentially dipping towards the $100,000-$104,000 range before reaching new all-time highs. Upcoming Consumer Price Index (CPI) data expected to be released on June 11 could add volatility to the market, particularly if inflation rises, as higher inflation typically burdens Bitcoin prices. While the recent price range for BTC has been between $103,800 and $106,900, analyst Mickybull Crypto noted a head-and-shoulders pattern suggesting a possible drop to $101,500. Despite potential setbacks, other analysts believe any price decline will be temporary. Some suggest that Bitcoin bulls remain in control, emphasizing a need for the price to hold above $95,000 to maintain the upward trend, which has persisted for over 900 days. Technical indicators like the cup-and-handle and bull flag patterns point towards a significant rally with targets near $140,000 to $150,000, backed by fundamental and technical indicators.

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