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BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Bitcoin (BTC) charged above $69,000 on Friday as US CPI data showed cooling inflation, leading traders to hope for a short-term BTC price recovery.
Key takeaways:
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Traders favor a short-term BTC price relief rally, but bulls must first take out the resistance at $68,000 to $70,000.
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Bitcoin market analysis forecasts a short squeeze toward $80,000 if bulls succeed in confirming the $65,000 level as support.
