"Bitcoin (BTC) has regained support at $69,000 after falling to $66,000 due to selling pressure from miners and ETF outflows. But can Bitcoin surpass $72,000? 🤔
- Positive inflation data in the US has created more favorable conditions for risky assets, including Bitcoin.
- A 3.3% increase in the Consumer Price Index (CPI) in the US in May compared to the previous year, pushing 2-year US bond yields to a 10-week low of 4.68%.
- However, even sophisticated investors worry that miners can dictate the price trend of BTC.
- Meanwhile, traders remain bullish on Bitcoin, despite a slight increase in demand for hedged options.
Leave your opinion on Bitcoin's next trend!#Bitcoin#CryptoNews"