CandleFocus Bitcoin Drops to $86,000 as Expert Warns of 10% Dip Ahead of CPI Data
2024-11-12
Author: Content Editor
Bitcoin has experienced a significant surge in price, reaching around $86,000. Analyst Michaël van de Poppe predicts a 10% retracement before the release of CPI data, targeting a range of $75,669 to $81,193. Technical indicators suggest that Bitcoin may be overbought, and there is caution advised due to the correlation between increased retail interest and price corrections in the past.
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