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Bitcoin recovered after extensive drop – Is $24k next level or will it fall to $14k?

  • After falling over 4 percent after the CPI inflation release, Bitcoin witnessed a massive short covering.
  • The overall sentiment remains bearish as the Bitcoin futures premium has stayed under 1 percent over the last month.

The world’s largest cryptocurrency Bitcoin (BTC) has exhibited strong volatility in the last 24 hours post the release of U.S. Inflation data for September last month.
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