On May 15, following the US CPI data, Bitcoin (BTC) saw a significant price surge, rising over 6% and surpassing $66,000. As of the latest update, BTC is trading at $65,780 with a market cap of $1.295 trillion. This recent price spike indicates a significant breakout above the $64,000 resistance level, potentially paving the way for further rallies and reaching all-time highs, according to analysts. Experienced crypto analyst Rekt Capital noted that the current breakout indicates the end of Bitcoin’s downtrend.