Bitcoin rises despite US inflation hitting 3-year high: Where will BTC price go?
BTC’s rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June.
Bitcoin (BTC) erased its intraday losses and rose by around 2.5% to $62,410 immediately after the US inflation report, even as the headline Consumer Price Index (CPI) hit its highest level in more than three years.
BTC/USD hourly chart. Source: TradingView