Bitcoin is on the upswing, with traders and analysts eyeing higher price targets as it shows signs of resurgence. The positive shift in the market dynamics is largely attributed to favorable macroeconomic indicators and the latest CPI report. These developments have bolstered confidence among investors and prompted discussions around Bitcoin potentially reaching the $100,000 mark. As a result, market sentiment has generally improved, attracting more attention from various market participants eager to capture the potential gains from Bitcoin's upward trajectory.
