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Cryptocurrencies Price Prediction: Bitcoin, Cryptos & CPI – American Wrap 12 March

Cryptocurrencies Price Prediction: Bitcoin, Cryptos & CPI – American Wrap 12 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin open interest crosses $46B as Polymarket bettors raise Russia-Ukraine ceasefire odds to 78%

Bitcoin price rose 3% in the last 24 hours, reclaiming territories above $83,700 after forming a local bottom around $76,000 on Tuesday. Early market signals after the latest United States (US) Consumer Price Index (CPI) data suggest the latest BTC upside momentum could linger.  

Bitcoin price analysis, March 12

Crypto Today: BTC, Pi Network and HBAR rally as US CPI triggers $40B buying spree

Bitcoin price rebounded as high as $83,500 on Wednesday, up 7% from the seven-month low of around $76,000 recorded on Monday. 

Bitcoin forms bullish RSI divergence just in time for US CPI

A technical analysis pattern hinting at bull reversal has appeared on Bitcoin's (BTC) daily price chart as market participants look to Wednesday's U.S. inflation data to put a floor under risk assets.

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.