BTC Price Eyes CME Gap at $92K After Bitcoin’s Failure to Flip $110K Resistance

Bitcoin (BTC) soared 1.04% yesterday following the release of the US CPI data, which came in at 2.4%, lower than the 2.5% forecast. However, BTC price closed the day with a 1.57% loss due to the mounting bearish pressures. As of June 12, the leading crypto by market cap is down 1.05% and trades at $107,533. The Dragonfly Doji, coupled with weakening buying pressure and diminishing spot ETF inflows, hints at a steep correction to the CME Gap between $92,730 and $91,980.