Bitcoin shot back up to $64,000 after US inflation data came in lower than expected. The latest CPI reading showed the smallest price increase since 2020, giving risk assets a boost across the board.
Traders are watching the $64,000 level closely. Every time BTC has touched that mark recently, it’s faced heavy selling pressure. The question now is whether this low-inflation environment provides enough momentum to break through.
The macro picture is shifting. With cooling inflation, the Fed has more room to ease policy. That typically flows into crypto as liquidity chases higher-yielding assets. But resistance levels don’t care about macro theory — they care about order books and position sizes.
If Bitcoin holds above $63,500, the path to $65,000 opens up. A rejection here could mean another retest of $60,000 support. The next 24 hours will tell us which direction we’re headed.
This article was originally reported by Cointelegraph. Rewritten and published by The Coolest Info.
