Bitcoin’s price has climbed to $81,647 after a challenging decline, with decreasing whale selling on Binance hinting at market stabilization. Positive CPI data signaling cooling inflation has fueled a rally, and analysts believe further gains may be possible under favorable conditions.

Bitcoin (BTC) has recently evidenced a recovery, surging to a price of $81,647 following a lengthy decline. Despite an overall drop of 8.4% in the past week and 16.2% in the past month, current trends suggest a potential turnaround in the market direction, attributed to changing whale activity on exchanges.

In conclusion, Bitcoin’s recent recovery highlights an evolving market landscape, driven by reduced whale selling pressure and positive CPI data indicating lower inflation. The potential for continued gains appears favorable if selling pressure from large holders remains subdued, presenting a positive outlook for BTC’s price trajectory in the coming weeks.

Original Source: coincentral.com

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