Bitcoin Breaks $19,000 as Bulls Take Control of Crypto Market

• The Bitcoin price has risen beyond $19,000, as the aftermath of the US CPI rate led to a break in the pivotal resistance.
• The bulls appear to be in control of the market and the bearish events may not be sufficient to push the prices down to 4-digit figures.
• Popular analyst Plan B has now acknowledged that the Bull Market is in its early stages and the BTC-Halving in 2024 may increase the price to beyond $32,000.

The crypto markets have been quite volatile in the past few months, but the performance of Bitcoin has been overwhelming. After suffering major losses in 2022 due to the FTX collapse, the Bitcoin price has skyrocketed and pierced through the pivotal resistance at $19,000. This was largely attributed to the US CPI rate, which had an overall impact on the crypto markets. Following this, the bulls gained control of the market and appear to be in no mood to give up their positions in the near-term.

Despite the bearish events that have occurred throughout the year, the probability of the Bitcoin price dropping to 4-digit figures appears to be quite low. Popular analyst Plan B, who was previously stuck up with his prediction, has now acknowledged that the Bull Market is in its early stages. He also added that the BTC-Halving in 2024 could further propel the price to beyond $32,000.

The crypto markets are expected to remain quite volatile in the coming days, with the bulls looking to reclaim the levels above $20,000. Meanwhile, the bears may try to defend their positions, but the bullish momentum appears to be gaining pace and may make it difficult for them to sustain their positions. This could be further strengthened if the Bitcoin price manages to stay above the $19,000 level and make a consistent move towards $20,000.

Overall, the crypto markets appear to be undergoing a massive transformation and the Bitcoin price is expected to reach new heights in the coming days. Investors may consider investing in Bitcoin and other cryptos if they believe that the Bull Market is still in its early stages and the BTC-Halving in 2024 may lead to a further surge in the price.