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Bitcoin Flips Bullish Above $80K as US Inflation Data Looms

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin secured its first weekly close above $80,000 in four months, triggering a bullish weekly Supertrend signal.
  • However, the rally remains heavily driven by derivatives rather than spot demand, while upcoming US CPI and PPI prints and yen volatility threaten to limit near-term upside.
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BTCUSD price history

77194.01 +14.44% over the displayed period

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