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Coin Telegraph

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BTC price seeks $155K 'trigger' — 5 Things to know in Bitcoin this week

  • Bitcoin (BTC) rebounds to approach fresh all-time highs amidst a pivotal week for risk assets.
  • BTC price briefly dropped below $107,000 before recovering, with expectations of new record highs.
  • US inflation data and bond market concerns coincide as the Fed indicates no rate cuts.
  • Taker buy/sell ratio on exchanges sparks analysis worries amid decreased order book activity.
  • Attention on a whale trader's active long and short positions heightens in the trading community.
  • Funding rates remain stable despite current prices, supporting potential upside in price sustainability.
  • Bitcoin price resurgence noted at the weekly close with a move above $110,000 and volatility ongoing.
  • Traders anticipate a convincing weekly close for further market gains, eyeing the $155,000 price target.
  • Macroeconomic concerns arise as bond yields and PCE Index data align, impacting rate forecasts.
  • Exchange data indicates a potential bearish market sentiment due to declining taker buy/sell ratio.

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