Ahead of the US inflation report, Bitcoin's price is experiencing a bearish correction caused by significant sell-offs among investors. This has led to intense bearish pressure in the $95K-$100K range. Various on-chain metrics show mixed sentiments about Bitcoin's future direction, as both bullish and bearish traders actively influence the price chart.
The crucial question remains whether Bitcoin's price will plunge further or rebound strongly, depending on upcoming market dynamics and economic indicators.