Bitcoin has experienced a remarkable price increase, climbing to $64,400. This rise signifies a 10% jump since the release of the U.S. Consumer Price Index report on October 10, drawing significant attention from the crypto community.
The recent surge in Bitcoin's price suggests shifting market sentiments. This change has been highlighted by CryptoQuant CEO Ki Young Ju, who notes that multiple indicators point towards a potential bullish breakout for Bitcoin.
The strengthening of buy walls further supports this positive sentiment, as investors seem more confident about Bitcoin's price trajectory. This signals optimism and anticipation of a possible continuation of Bitcoin's upward trend.
