cryptoworld

07/16 09:46

Bitcoin Eyes New All-Time Highs After Testing $110

Bitcoin Eyes New All-Time Highs After Testing $110K Twice in 24 Hours

On June 11, Bitcoin continued its upward momentum, testing the $110,000 mark twice within 24 hours, indicating a potential breakout to new all-time highs.
Positive CPI Data Expected to Boost Markets
Bitcoin’s unstoppable momentum continued on June 11 after it tested the $110,000 mark twice within 24 hours, signaling a potential breakout to new all-time highs. At the time of writing,  BTC traded at around $109,500, up more than 8% from its June 5 low of $100,984. With bullish sentiment intensifying, analysts are watching closely to see if Bitcoin can shatter resistance and push beyond its previous peak.
The top cryptocurrency’s movement came just hours before the U.S. was scheduled to release its Consumer Price Index (CPI) data. Some Wall Street projections anticipate a 2.5% increase. 

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