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Bitcoin sees profit booking at higher levels, tests resistance at $83,700

Business Standard LogoBusiness Standard4d ago

Bitcoin sees profit booking at higher levels, tests resistance at $83,700 - Business Standard

Quick Summary:

Notably, US consumer prices fell by 0.1 per cent in March, marking the first monthly decline since May 2020.

Subburaj believes that to remain bullish, Bitcoin needs to reclaim the $87,200 level where key moving averages align.

While lower US inflation typically boosts investor sentiment due to potential Fed rate cuts, analysts said markets saw brief profit booking.

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 10:33:58 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27783233

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 279 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://chronographically.beamstart.com/news/bitcoin-sees-profit-booking-at-17443485976349

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