Tag Archives: inflation

Bitcoin On Track For $275,000? Analyst Cites Cup And Handle Formation

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Bitcoin (BTC) fell to $94,500 yesterday after Microsoft shareholders decisively rejected a Bitcoin treasury proposal to allocate 1% of the company’s total assets to buy BTC as an inflation hedge. However, analysts are still confident of further appreciation of the BTC price. Bitcoin May Surge As High As $275,000 According to data from Coinglass, over… Continue reading Bitcoin On Track For $275,000? Analyst Cites Cup And Handle Formation→

Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data

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The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the metric typically used to assess the inflation rate in the country, came in according… Continue reading Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data→

Bitcoin Ready To Takeoff? Analyst Eyes $85,000 as Fundamentals Align

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Bitcoin prices are hovering near $70,000, bouncing from a critical dynamic support line, evident in the daily chart. Even though bulls have yet to breach $72,000 and break above March 2024 highs, traders are optimistic about what lies ahead. Bitcoin Bulls In Charge: Analyst Targets $85,000 Taking to X, one analyst believes the world’s most… Continue reading Bitcoin Ready To Takeoff? Analyst Eyes $85,000 as Fundamentals Align→

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

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Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in… Continue reading Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form→