The Bitcoin price is exchanging hands at $107663,

The Bitcoin price is exchanging hands at $107663, and it is recovering after it took support from the dynamic 50-day EMA band. It has broken the short-term declining trendline and is headed straight for the $112K mark. 

If the momentum continues and upcoming US CPI reports join in favour, then an ATH could be on its plate. Many experts are hoping for inflation to print soft, as the ongoing momentum looks strong and seems Bitcoin is not done yet.

However, the platform Truflation highlights that inflation may be picking up, as in May it began with 1.35% and by month end it was 2.06%. If CPI prints similar to what the data’s are projecting, then the ongoing momentum could be short-lived and could risk falling around $100K or even to $95K.

Additionally, on-chain data revealed a concerning trend: the Small wallets, holding up to 1 BTC, have been accumulating strongly. Historically, when the “small fish” holders buy with conviction, it often hints that whales could be preparing to sell into that liquidity. This retail fomo is considered by many as a fatal warning sign that a sell-off could be on its way.