Bitcoin rises despite US inflation hitting 3-year high: Where will BTC price go?

BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June.

Bitcoin (BTC) erased its intraday losses and rose by around 2.5% to $62,410 immediately after the US inflation report, even as the headline Consumer Price Index (CPI) hit its highest level in more than three years.

BTC/USD hourly chart. Source: TradingView

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