Bitcoin price is up on Jan. 12, and a swift market-wide rally in crypto prices has some investors hopeful that the year-to-date high at $18,898 is a sign that BTC has bottomed.
After a continuation of last week’s rally in equities markets, a cooling U.S. dollar index (DXY) and positive inflation data in the Consumer Price Index Report (CPI) can keep BTC in the higher end of the $18,000 range.