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Bitcoin Price May Dip Toward $70K as Fed Estimates Hotter CPI Print
Bitcoin (BTC) may head into next week’s US inflation report with less support than it had during the last two CPI releases, raising the risk of a pullback toward $70,000. Key takeaways: Cleveland Federal Reserve nowcast projects April headline CPI to rise to 3.56% year over year. BTC’s rising wedge pattern could trigger a decline...
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