Bitcoin may experience increased downward pressure as the U.S. April Consumer Price Index (CPI) data is set to be released on May 12. Market analysis suggests that if the CPI exceeds expectations, Bitcoin could face challenges, with the Cleveland Fed forecasting a rise to 3.56% year-over-year, up from 3.3% in March. This could reinforce expectations that the Federal Reserve will maintain current interest rates, impacting risk assets like Bitcoin. Currently, Bitcoin's daily chart shows a "rising wedge" pattern, with a key support level at approximately $84,000. A break below this level could see Bitcoin decline toward $70,000. Conversely, a breakout above the 200-day moving average might push prices into the $90,000–$95,000 range.