Bitcoin Bounces Above $64K as Markets Await Inflation Data

Bitcoin's price recovered above $64,000 after dipping to around $63,200 due to leveraged-position sell-offs ahead of key U.S. inflation data.

The price bounce was supported by buyers entering near the lower range, despite a $174 million contraction in leveraged positions and significant liquidations.

Resistance levels to watch are $64,400 and $65,500, with the U.S. Consumer Price Index report expected to influence near-term price direction.