Bitcoin Price Pumps 5% to $65K After CPI Data – Can BTC Break Out of Its Current Range?

The Bitcoin (BTC) price surged more than 5% back to the $65,000 level on Wednesday in wake of US CPI inflation data that showed moderating price pressures in April, supporting bets that the Fed will be able to ease interest rates a few times before the end of 2024. source: https://cryptonews.com/news/bitcoin-price-pumps-5-to-65k-after-cpi-data-can-btc-break-out-of-its-current-range.htm