Bitcoin reached $73,000 as key US inflation data came in below market expectations. The Consumer Price Index (CPI) report revealed a significant 21.2% month-on-month surge in gasoline prices, the largest monthly gain since 1967. However, overall CPI finished slightly lower than anticipated.
Despite the mixed inflationary signals, US stocks remained largely flat. Bitcoin traders are now monitoring key resistance levels, with analysts observing price action within a narrowing wedge pattern. Exchange order book data indicates liquidity levels to watch around $71,000 and $73,000-$74,000.
