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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-06-01 12:02:35

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Price Analysis: Chart Patterns Suggest Potential Upward Move =============== ...

Bitcoin Price Analysis: Chart Patterns Suggest Potential Upward Move
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#4b5de303 ver:0.67

Bitcoin's price is flat at $68,083.9 as concerns over inflation and interest rates impact sentiment. Traders are analyzing chart patterns, such as the inverse head and shoulders, suggesting a potential upward move. Bitcoin is trading within a range of $60,000 to $70,000, with support at $66,000. The upcoming US economic data and the Federal Reserve's PCE data release will be closely watched. Altcoins, like Ethereum, also experienced a dip in price. Bitcoin's short-term outlook depends on its reaction to crucial price levels. #Bitcoin #cryptocurrency #chartpatterns #inflation #interestrates...

#newstr #Bitcoin #Cryptocurrency #ChartPatterns #PriceAnalysis

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