Bitcoin’s price hit the $24,000 price range for the first time in six months. Net position change showed short positions dominating trade. The initial reactions to 13 February’s release of the Consumer Price Index data on Bitcoin [BTC] were divided. Recent pricing activity, however, suggested it had weathered the storm reasonably with a return to
![Bitcoin [BTC] breaks past $24k after CPI report: A rally in the making?](https://images.cryptocompare.com/news/default/ambcrypto.png "Bitcoin [BTC] breaks past $24k after CPI report: A rally in the making?")
