Bitcoin Technical Analysis – The risk-on sentiment boosts the cryptocurrency ...Middle East

Fundamental OverviewThe mood in the markets has been slowly improving this week after the month-end flows last week impacted the risk sentiment. The US data this week came on the softer side which sent Treasury yields lower and consolidated the market’s expectations of two rate cuts by the end of the year.The risk-on sentiment is still present in the markets as the data overall has been showing good growth without worrying inflationary pressures. If this were to continue, Bitcoin could reach a new all-time high in the next few weeks. Bitcoin Technical Analysis – Daily TimeframeOn the daily chart, we can see that Bitcoin bounced on the 67275 support and extended the rally into the next resist

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