Bitcoin Price Ready To Skyrocket After MicroStrategy’s $500M Move To Buy BTC

Bitcoin price nearly breached the $70,000 resistance on Wednesday due to the momentum created by the US CPI data report. According to the Bureau of Labor Statistics (LBS), inflation remained flat in May. This implies a positive trend backed by favorable economic factors that continue to defy continuing geopolitical tensions in Europe due to the Russia-Ukraine war and in West Asia due to the Israel-Hamas war.