Bitcoin price rallies to $32.3K, but three factors could limit its recovery -Breaking
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Bitcoin’s price rises to $32.3K. But, three factors may limit its recovery(BTC)Price action has been unusually bullish since May 27, Weekends are known for being volatile and unpredictable, particularly on holiday weekends. Major whipsaws in prices movements have become the norm. Bearish price actions are common in bull markets. However, BTC has bucked that trend.
Bitcoin rose nearly 11% between May 27, and 30, crossing the $28,600 threshold to return above $30,000 to $31,700. It was bulls’ strongest week in more than two months, and the weekly close was their highest of twenty-days. However, there may still be some downside potential due to macroeconomic worries.
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