Bitcoin reclaims territory above $64K after April CPI release

Bitcoin price is up nearly 5% to tag $65,000, a level last tested on May 6. CPI report shows inflation eased in April, falling to 3.4% after March reading at 3.5%. Core CPI came in at 3.6% vs. 3.8% last month, both aligning with expectations and clearly bullish for BTC. Bitcoin price has shown strength, displaying a god candle on Wednesday during the early hours of the American session.

For this to happen, however, Bitcoin price must break and close above $65,500 on the one-day time frame. The Relative Strength Index is also posting higher lows, suggesting growing bullish momentum. This coupled with the Awesome Oscillator , whose histogram bars are green and pulling toward positive territory, suggests bullish sentiment is growing.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin (BTC) Rises Toward $64K as April US CPI Numbers Came OutCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7KStephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin price today: slips back below $64k after weekend recoveryBitcoin price today: slips back below $64k after weekend recovery
Source: Investingcom - 🏆 450. / 53 Read more »

Bitcoin Stable Above $64K While ETF Outflows Hit $200MThe relationship between bitcoin's price and ETF outflows is weakening
Source: CoinDesk - 🏆 291. / 63 Read more »

Ethereum (ETH) Soars Above $3.3K, Bitcoin (BTC) Aims for $64K (Weekend Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin Maintains $64K Despite Growing ETF Outflows, NEAR Jumps 7% Daily (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »