TL;DR Bitfinex reports that Bitcoin closed three consecutive weeks in the green and is consolidating support above $61,360, with a key resistance level at $68,000. Flows
TL;DR U.S. inflation data remains the main short-term driver for the crypto market, as CPI and PPI readings influence interest rate expectations and liquidity conditions. Regulatory
The recent release of the US inflation data, showing a cooling to 3.2%, has had a noticeable impact on Bitcoin, and the cryptocurrency market in general.
Bitcoin is bullish at spot rates but the uptrend will be validated if there are high volume breakouts above $24k.
![What is Litecoin [LTC]?](https://crypto-economy.com//wp-content/uploads/2023/01/litecoin-1.jpg)
Litecoin prices are up 40 percent from December lows, rising in sync with the broader crypto markets. LTC buyers are upbeat, targeting $100.
Bitcoin is up 21 percent and trending above $18.5k resistance line as BTC revival continues on falling inflation.
Bitcoin is down roughly five percent from this week’s high, recoiling from a critical resistance level at $18.5k.
Bitcoin (BTC) is in a super rally hitting its highest level in a month due to significant cooling in US inflation data. After the release of
Bitcoin prices are higher, bouncing from November low and trading above the bear flag. BTC resistance remains at $17.5k.
Bitcoin is pulling back from this week’s highs but primary support is at $20k and $20.5k. BTC may surge 22% to September highs.
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