Bitcoin price nears 3-week high as trader says sub-7% CPI may see $19K

Bitcoin price nears 3-week high as trader says sub-7% CPI may see $19K

Bitcoin (BTC) traded nearer $17,000 on Jan. 7 after the end of the year’s first trading week delivered a spike higher.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

All eyes on CPI

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it briefly passed the $17,000 mark the day prior.

The pair had seen flash volatility on the back of fresh economic data from the United States, this nonetheless fading to leave the key level “unflipped” as…


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