A big comeback from Bitcoin as US CPI takes away any hurdles for risk assets to rise. There are some hurdles to jump: 115.3k, 117.1k and then try for 123.3k
The break of the short-term downtrend has created the momentum and we don’t want to see price break back below it again. Today it’s at 109.8k.
Price needs to break 5% higher then the all time high to get momentum for the final throw of the dice in this 4 year cycle.