CandleFocus Bitcoin Price Eyes $100K Breakout as Miner Trends Align with Rally
2024-11-13
Author: Content Editor
The crypto market experienced increased buying pressure as the price of Bitcoin surpassed $90,000. This surge in price was driven by the release of the U.S. Consumer Price Index (CPI) report, which indicated a 2.6% year-over-year increase. Analysts believe that Bitcoin's price rally will continue and potentially reach over $100,000, as miners are starting to profit from their investments, suggesting the beginning of a bull cycle.
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