Bitcoin cryptocurrency trades up $1,133.51, approximately 4% higher going into tomorrow

Tentatively higher from an earlier low of $28,426, Bitcoin is up to $29,560 today, adding $1,133.51, or 4%, to today's closing price of $28,426.

United States's Pending Home Sales new data released of -5.2% below its previous figure.

Bitcoin upside coincides with further encouraging market factors as United States Initial Jobless Claims came out at 230,000, better than analyst estimates of 248,000 and improving upon the previous reading of 246,000.

Nevertheless, following a previous reading of 0.8%, Pending Home Sales in United States released today at 14:00 UTC fell short of the 0.5% figure expected by analysts with an actual reading of -5.2%. Highly important GDP data from United States beat analyst expectations of two with a reading of 1.1.

Bitcoin made an initial breakout above its 21 day Simple Moving Average at $28,900, a potential indicator of a newly emerging bullish phase. Despite this, Bitcoin is $526.53 away from testing key resistance at $30,100. Peaking above this level could inspire market bulls and open the path to further gains.

Overall, looking at the technical analysis landscape, it seems Bitcoin might continue pointing upwards in the short term.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Cosmos USD moves up 5.91% to trade around $11.58. Solana improves 5.22% to trade around $22.36.

Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Mar) will be released tomorrow at 12:30 UTC.

Bitcoin has gained 65.12% since its lowest print of $15,759 earlier this year.