Bitcoin is showing some renewed energy. As of writing, the top cryptocurrency is trading at $ 20,883, leading the crypto market to rally as optimistic investors enter the market.
This may seem as a surprise, but with the Consumer Price Index (CPI) data showing an improving economic trend, a further upwards break is possible for BTC.
Analysts say that if BTC breaks through this crucial resistance, the start of the bull market is at hand. However, rejection from this resistance is imminent at time of writing. Can Bitcoin overcome this in the next few days?