After closing the previous trading day at $24,200, Bitcoin is up to $24,368, which makes for a move of 0.67%/$167.83 today.
United States Consumer Price Index is next today at 12:30 UTC.
Meanwhile, United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Technical analysis trend indicators suggest that investors are seeking long positions as Bitcoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, Bitcoin's upper Bollinger Band® is at $25,124, this is a slight indication of a slowdown.
Notwithstanding Bitcoin's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Bitcoin shows positive signs, other assets are also on par: FTX Token is up 9.54%.
At the same time, MaticNetwork USD slips 3.41% to trade around $1.16. EOS is down to $1.06, losing $0.02, after closing at $1.08 in the preceding trading session.
Furthermore, the market is looking at projections for United States Retail Sales are set for a continuation of decline with -0.3% while previous data was 3%; data will be released tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. United States Producer Price Index projected to decline to 0.3% while previous data was 0.7%; data will be released tomorrow at 12:30 UTC.
Bitcoin has managed to gain 45.68% so far this year despite trading at lows around $15,759 previously.