Bitcoin Price Rise Can Bitcoin rise above $25,000?
Bitcoin Price Rise Can Bitcoin rise above $25,000?
Bitcoin briefly hit $25,000 and Ether $2,000 in the past week, signalling that the crypto recovery remains intact. Risky assets received a boost after the United States consumer price index cooled to 8.5% in July from a year ago, below economists expectations of 8.7%.
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While structured the rally looks very much like a retracement from a bearish impulse at the moment which is allowing orders to be built in to sell off again around the 28k mark. The lack of strong impulsive moves in this rally up doesn't scream bullishness to me.
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