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Bitcoin extends rebound gains to above 66k

As covered here yesterday afternoon, Bitcoin was immediately reactive to the rather benign US CPI data and that delivered an instant rise above 64k and towards 65k. Since then it has lifted further and earlier today it rose to around 66,675. That gain has certainly snapped the recent negative downtrend and now it remains to be seen, if BTC can move on, to once again threaten the highs above 70k and beyond. The immediate outlook would suggest it can, especially if it continues to take a lead from the wider markets, like it clearly did yesterday. Obviously that requites those wider drivers not to suffer a relapse. That said, BTC is off its session highs, as it consolidates the gains seen yesterday. Bitcoin is currently trading at 65,975

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