Bitcoin Traders Prepare for Double-Digit Swings Ahead of June CPI Release

The June US Consumer Price Index (CPI) release on July 14 has Bitcoin traders on high alert. The cryptocurrency is trading near $62,000 after months of sharp volatility.

Past CPI prints have triggered double-digit swings in Bitcoin's price, with a 27.6% crash and a 10.85% rally in 2026 alone. Analysts see a possible move to $65,000 if the data is soft, but a hot print may test lower supports.

The CPI measures inflation, making it a key indicator of Federal Reserve policy expectations. Markets watch it closely because even small surprises can reshape rate cut bets within minutes.