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Bitcoin: Year-End $156K Scenario Requires Perfect Alignment of Macro Catalysts

Pelican Press

By Pelican Press,
in World News

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Bitcoin hit a record high yesterday, rising as high as $124,447, accompanied by the positive mood that continued throughout the week. However, we saw a rapid retreat after sharp profit-taking at the record level. This week’s mild US data strengthened market expectations that the Fed will begin the rate reduction process. In addition, the US President’s support for the new decree allowing…

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