Bitcoin bulls run out of steam yet again as BTC price action returns to its pre-CPI position.
Bitcoin (BTC) retraced the prior day’s gains on June 13 as markets braced for the next round of United States inflation data.
Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory reversing after the daily close after BTC/USD briefly touched $70,000.
The subsequent rout produced new lows of $66,983 on Bitstamp, with Bitcoin down around 1.3% on the day at the time of writing.
