The things are getting better now, and this morning market opened with positive trend with Bitcoin price increasing by 2%, currently it is trading at $17223 which is above its pivot point (16,818) on weekly chart. This is a sigh of relief for Bitcoin traders who make their living by trading in crypto. If this trend continues, there is a possibility that Bitcoin breaks its next resistance at 18,800, and CPI report comes in line with market expectations, then Bitcoin is likely to close above 20K by the end of current week.
The fact that the price of bitcoin has increased by 2% cannot prevent it from falling by 5-10% in the next 2-3 days. And of course it cannot serve as a confirmation that the market has turned around and an upward movement is beginning. But everyone can make a small profit if they have opened a long position.