BTC expected to remain bullish if April U.S. CPI meets expectations: 10x Research

Markus Thielen, founder of 10x Research, told CoinDesk that the market is likely to react positively to the upcoming U.S. consumer price index (CPI) report provided the data aligns with expectations, according to CoinDesk. He noted that this could trigger further upside for Bitcoin (BTC) as long as there are no renewed concerns over tariffs. Thielen also said the CPI could fuel additional gains and potentially drive BTC to fresh all-time highs. As per 10x Research, the prevailing market forecast sees headline CPI holding flat at 2.4% for April.