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Coin Telegraph

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Image Credit: Coin Telegraph

$80K BTC price chases gold — 5 things to know in Bitcoin this week

  • Bitcoin records weekend surge as BTC price reaches almost $82,000 to start the week.
  • Bitcoin traders remain bullish despite concerns over potential retracements.
  • Upcoming United States macroeconomic data releases and ongoing inflation narrative.
  • Bitcoin is catching up with gold, leading to intense upside.
  • Record highs have not opened the floodgates to mass retail inflows yet.
  • Bitcoin traders diverge over future BTC price trends.
  • BTC price gains still have a long way to go before November 2024 matches historical average gains.
  • US CPI and PPI indices are the focus of risk-asset traders this week.
  • Bitcoin traders see BTC/USD catch up with Gold and play a game of catch-up.
  • Expected boost in Bitcoin institutional investments is accompanying the BTC price breakout.

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