Bitcoin Price Eyes $100K Breakout as Miner Trends Align with Rally

During Wednesday’s U.S. market hours, the crypto market witnessed renewed buying pressure as Bitcoin price broke $90,000. The bullish momentum followed the U.S. Consumer Price Index (CPI) report, which showed a YOY increase of 2.6%. Analysts predict the BTC price rally will extend past $100,000 as miners’ profit-booking projects are an early sign of a bull cycle.