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Analyst: Crypto Market Rebound Weak, Bitcoin Needs to Hold $95,000 to Confirm Uptrend

Summary: According to IG analyst Chris Beauchamp, the cryptocurrency market is gradually recovering, but due to continued investor caution and outflows from crypto funds, the gains remain limited. He points out that the lack of new capital inflows needed for a strong rebound in prices, Bitcoin must hold above $95,000 to confirm a sustained uptrend. The ...

According to IG analyst Chris Beauchamp, the cryptocurrency market is gradually recovering, but due to continued investor caution and outflows from crypto funds, the gains remain limited. He points out that the lack of new capital inflows needed for a strong rebound in prices, Bitcoin must hold above $95,000 to confirm a sustained uptrend. The current market focus is on US inflation data, bank earnings reports, and an upcoming Senate hearing on the structure of the cryptocurrency market.

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Link: Analyst: Crypto Market Rebound Weak, Bitcoin Needs to Hold $95,000 to Confirm Uptrend [Copy]

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