Following the release of the Consumer Price Index (CPI) data for August, Bitcoin experienced a significant price rebound. Initially trending around the $55,000 level, Bitcoin has since recovered, with bulls striving to turn the $58,000 resistance level into new support.
Despite the evident strength shown by Bitcoin, questions about the sustainability of this uptrend persist. Investors and market analysts are closely observing whether Bitcoin can maintain these gains in the coming days and weeks.
