Bitcoin, Ethereum Technical Analysis: BTC Back Above $40,000 Following Record U.S. Inflation Data – Market Updates Bitcoin News

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Bitcoin climbs back above $40,000, as U.S. inflation hits a record 8.5%.

Bitcoin andboth fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year.

Overall, cryptocurrency markets were down 1% as of writing.dropped below its key level of $40,000 earlier in today’s session, as recent losses in value continued to mount./USD fell to an intraday low of $39,373.06 on Tuesday.

 

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Don't you think this price is the good dip to spend USDT on.

It seems that Biden's policy is doing everything possible to make Americans exchange their fiat USD for USDT and invest them in BTC

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The dip at the moment is a means to accumulate more so that the sale on moon can cushion the effect of the inflation for the wise investors

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The bitcoin price action is showing signs of downtrend exhaustion. This was expected as we get into the 2nd half Sell the rallies time is done. Buy the dip mode in effect for a bullish move out of this range. Bravo bnbt_ix Made us proud her twets & TA have been very helpful

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