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Bitcoin dreaded pattern points to Avalanche, VeChain, Math crypto prices dip
Bitcoin price had a strong performance in 2023 amid a confluence of several factors. The coin started the year being fundamentally undervalued after facing several headwinds in 2022 like the collapse of FTX and Terra. In addition to its cheaper valuation, Bitcoin also benefited from the renewed hopes of central bank easing, spot ETF approval, and the upcoming halving. As a result, its price surged by almost 160% in 2023, its best performance in years.Analysts are optimistic that Bitcoin has more room to run in the coming months. Besides, data published last week showed that PCE, Fed’s favourite inflation gauge, ... (full story)