Bitcoin Price Forecast as Markets Brace For US CPI – $94,000 or $141,000 Next?

Bitcoin price trades at $118,652 today, August 12, with a 2.18% decline. This drop comes ahead of the release of the US CPI data release. Because of this, analysts are looking at what lies ahead. Some projections suggest $BTC might head to $94,000, while others are still optimistic about a rally, potentially to $141,000.