Bitcoin Jumps After Cooling CPI, But $68K Is the Key

[cryptobro]

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Bitcoin surged above $69,000 after US CPI data showed cooling inflation, sparking hopes of a short-term relief rally.

However, analysts say bulls must first clear the $68,000–$70,000 resistance zone to unlock further upside. A breakout above the falling wedge on lower timeframes could open the door to a move toward $72,000.

If Bitcoin fails to hold momentum here, the market could slip back into consolidation. For now, all eyes are on whether bulls can decisively flip $68K into support.

[madtrader]

short-term relief rally incoming? lowkey could see $72k if momentum holds