Technical Analysis of BTC/USD for February 14, 2024

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Technical Analysis of BTC/USD for February 14, 2024


Bitcoin's Rally Towards New HeightsKey TakeawaysBitcoin's




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14.02.2024 01:57 PM






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Bitcoin's Rally Towards New HeightsKey TakeawaysBitcoin's resilience in the face of economic shifts.ETF inflows and institutional behaviors bolster Bitcoin's strength.Technical indicators favor a bullish trend, with caution near resistance levels.Economic Factors and Bitcoin's PerformanceBitcoin shows remarkable resilience in the face of fluctuating economic indicators. Despite a slightly higher Consumer Price Index (CPI) reading from the US, Bitcoin's value surged from $48,000 to over $51,000. This ascent underscores Bitcoin's detachment from traditional economic dependencies.Inflation and Cryptocurrency Market SentimentInflation forecasts hint at




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