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Most cryptocurrencies gained ground on Thursday as the risk appetite rebounded ahead of important US inflation data. The Federal Reserve remains cautious about amending interest rates, with a laser focus on bringing inflation towards 2%, while US consumer prices data for April are awaited next week. According to the Fedwatch tool, there’s a 91.3% chance the ...
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Bitcoin has been pulling back this week following a test of the 50-Day MA on Monday with a high of 65,523. That advance broke out of a prior descending bullish wedge and expanded the top boundary line of the pattern. The pattern is deeper now showing less price compression than seen in the earlier version. Both the 50-Day and 20-Day MAs are above the ...