If you're keeping an eye on crypto, this is a big deal—Bitcoin's price movements often set the tone for the entire market. A push toward $107K would signal strong momentum, but inflation numbers could either fuel the rally or throw a wrench in the works. Either way, traders are watching closely.

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDYvMDE5NzVhNjctOTRlYy03MzA2LWI1MGEtNTE3MTQwYTJlZGJh.jpg" alt="Bitcoin traders now see $107K retest before new all-time highs"></p><p>Bitcoin is due a modest consolidation phase before taking a run at price discovery, says the latet analysis — will US inflation data help it get there?</p>

Bitcoin traders are buzzing about the possibility of the cryptocurrency hitting $107,000 before surging to new record highs. Analysts suggest Bitcoin might go through a brief cooling-off period first, and upcoming U.S. inflation data could play a key role in whether that prediction holds.