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Bitcoin (BTC) traded 5.5% above its nine-month low of $74,500 reached on Monday amid hopes of a rebound toward $85,000.
Key takeaways:
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A “squeeze” toward $85,000 is in play as Bitcoin rebounds from multimonth lows.
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The return of spot Bitcoin ETF inflows could fuel BTC price recovery in the short term.
Can BTC price rebound toward $85,000?
Bitcoin bulls fought to secure the recent recovery to $78,000 as traders hoped that further BTC price gains would follow.
Bitcoin “created a massive CME gap this…
