Bitcoin's choppiness index has increased to 54 on a one-month timeframe, indicating significant consolidation in its price movement. The cryptocurrency has been fluctuating between $110,000 and $124,000, reflecting a period of low volatility, particularly as the market awaits the upcoming Consumer Price Index (CPI) data release. Analysts note that the choppiness index has not reached this level since just prior to the November 2024 election, when the price surged past $90,000. The current trend suggests further consolidation could occur, as low implied volatility has led to Bitcoin's rangebound behavior. The upcoming CPI data, set to be released at 1:30 PM UTC, may trigger a significant price movement or volatility breakout, making this a critical moment for traders and analysts. Overall, the situation indicates a potential turning point for Bitcoin in the context of broader market movements.

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