Bitcoin Zeroes In On $18,000 – Can BTC Upside Breakout Materialize?

After weeks of consolidation, Bitcoin – the largest cryptocurrency by market capitalization – and the broader cryptocurrency market have witnessed a short-term bounce in response to Consumer Price Index data that exceeded expectations.
The Labor Department of the United States reported that CPI climbed barely 0.1% between October and November. Last month, the inflation measure recorded a score of 7.1% compared to the projected 7.3%.
Bitcoin Inching Closer To $18K
The i