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Bitcoin Selloff and Strong Rebound

Written By: ChartChamp

September 11, 2024

Yesterday Bitcoin started to trend down once the Presidential debate started. I was hoping that the strong August CPI data would cause the markets to rebound and rally, but we are seeing a selloff for the crypto market instead. Bitcoin is trending for a red day, but could still rebound over the next few days to experience some more upside. I think BTC can comfortably reach around $60k – $61k price levels.

Bitcoin is attempting to form a bullish rebound around $55.5k, the price is already back near $56k price levels. I would monitor for a successful bounce here for the crypto market to continue trending up.

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