Cryptocurrencies Price Prediction: Bitcoin, Cryptos & CPI – American Wrap 12 March
|Bitcoin open interest crosses $46B as Polymarket bettors raise Russia-Ukraine ceasefire odds to 78%
Bitcoin price rose 3% in the last 24 hours, reclaiming territories above $83,700 after forming a local bottom around $76,000 on Tuesday. Early market signals after the latest United States (US) Consumer Price Index (CPI) data suggest the latest BTC upside momentum could linger.
Crypto Today: BTC, Pi Network and HBAR rally as US CPI triggers $40B buying spree
Bitcoin price rebounded as high as $83,500 on Wednesday, up 7% from the seven-month low of around $76,000 recorded on Monday.
Bitcoin forms bullish RSI divergence just in time for US CPI
A technical analysis pattern hinting at bull reversal has appeared on Bitcoin's (BTC) daily price chart as market participants look to Wednesday's U.S. inflation data to put a floor under risk assets.
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