Bitcoin passes $69K on slower US CPI print, but Fed rate-cut odds stay low

Bitcoin bulls enjoyed a relief rally to $69,000 on the back of soft US CPI inflation data amid hopes of BTC price action making a “higher low.”

Bitcoin (BTC) gained at Friday’s Wall Street open as a fresh US inflation surprise boosted the mood.

Key points:

Bitcoin price action heads toward key resistance after US CPI inflation data cools beyond expectations.

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