$BTC Bitcoin's price is currently $94,358.49, showing a 3.19% increase. This surge is attributed to cooling U.S. inflation data and technical breakouts. The cryptocurrency reclaimed its 30-day SMA ($88,981) and pivot point ($91,214), with MACD histogram turning positive (+184). RSI-14 is at 54.3, avoiding overbought territory. ¹
Key factors influencing Bitcoin's price:
- *CPI-Driven Risk Rally*: December's U.S. CPI showed core inflation at 2.6% YoY, easing rate hike fears and boosting liquidity expectations.
- *Technical Breakout*: MACD crossover above the signal line suggests bullish momentum, with resistance at $94,000 (VWAP trendline) and $96,000 (Fibonacci 23.6%).
- *ETF Outflows*: $431M left Bitcoin ETFs this week, signaling institutional caution.
📈 _Bitcoin's price is expected to test $94k resistance, with potential upside to $101k if sustained_.
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