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Bitcoin has bottomed out as consolidation was a magnet for new HODLers, analysts claim

  • After the record expiration of options contracts, Bitcoin is resuming its upward trend.
  • Rising inflation could continue to strengthen the narrative that has favored the Bitcoin price over the past year.

After spending several days in a downtrend, Bitcoin’s price is settling near its previous support levels. At the time of publication, Bitcoin was trading at $54,218 with a gain of
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