Bitcoin gained incredible strength after the CPI print yesterday, which came in 0.2% lower than the estimate, though still historically high at 8.5%. We blasted through our previous upper bound at $23.9K, and are currently contending with relative highs in the middle of the range at about $24.5K. The next level above and next target is $25.1K. If we retrace, we should find support at $23.9K, but after that, there is a vacuum zone back to $22.4K.
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