Bitcoin price retreated for the second consecutive day as investors booked profits after it crossed the important $70,000 resistance level following the encouraging U.S. inflation report.
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Editor’s Analysis
Bitcoin price forms a major risky pattern as futures open interest tumbles continues to draw attention due to its market movement and investor sentiment. While this news is significant, it’s important to consider long-term fundamentals and avoid reacting solely based on short-term hype.
This content is for informational purposes only and should not be taken as financial advice.
Credit Map: Crispus Nyaga
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