
Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock< /p>
After Bitcoin (CRYPTO: BTC) rallied almost 40% off the lows, it has shown signs of potential weakness since yesterday’s higher than expected U.S. CPI data was released, as it was rejected off the key $45,500 resistance level. To have more confirmation of continued upside, Bitcoin will need to hold above this key level.