Bitcoin bulls squeezed the market toward $74,000 again as promising US inflation data buoyed risk assets, but BTC price forecasts stayed mixed.

Bitcoin price analysis saw conditions slowly "building” to support a breakout as BTC emerged as the strongest macro performer since the US and Israel-Iran war began.

Bitcoin reacted in kind to calm US macro data, while oil stayed volatile amid uncertainty over the duration of the Middle East conflict.

Bitcoin moved back above $70,000 after the United States Consumer Price Index met market expectations, while traders monitored oil prices.