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Bitcoin Targets $115,000 After Breaking Out

From dailyforex.com

Bitcoin price made a strong bullish breakout after days of consolidation as bulls targeted its all-time high. The BTC/USD pair reached a high of 110,000 for the first time in nearly a month. It has jumped by over 11% from its lowest level this month. Bitcoin price surges ahead of NFP data The BTC/USD pair continued to rise as investors adopted a risk-on sentiment ahead of the non-farm payrolls data. For example, the fear and greed index has moved to the greed zone, while American stock indices like the Nasdaq 100 and S&P 500 have jumped to their all-time highs. The risk-on sentiment increased after ADP published a ... (full story)

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  • Category: Technical Analysis