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Bitcoin Eyes $65,000 as US Inflation Cools, But Is the Rally Fading?

July 14, 202604:30 PM
Bitcoin Eyes $65,000 as US Inflation Cools, But Is the Rally Fading?

Bitcoin surged toward the $65,000 milestone on July 14, fueled by US inflation data that showed a sharper-than-expected slowdown. This cooling inflation has weakened the case for further Federal Reserve interest rate hikes, providing a massive tailwind for BTC and driving a 4% intraday recovery.

Despite the bullish momentum, market experts warn that this relief may already be fading. As Bitcoin nears critical resistance levels, investors are closely monitoring whether this macro-economic shift can sustain the current upward trend or if a correction is imminent due to shifting economic signals.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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