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Bitcoin Surges Back to $97K After Inflation Shock – What’s Next?
📌 Key Event:
US inflation at 3% sparked concerns over delayed FED rate cuts.
$BTC dipped to $94K, but strong investor confidence pushed it back to $97K.
📊 Market Reaction & Analysis:
✔️ Resilience – BTC bouncing back quickly signals strong bullish sentiment.
✔️ Institutional Demand – Big players likely bought the dip.
✔️ Macro Impact – Delayed rate cuts could slow traditional markets but may benefit BTC as a hedge against inflation.
🚀 Key Levels to Watch:
Resistance: $98K – $100K (Psychological & ATH Zone)
Support: $94K – $92K (Dip-Buying Zone)
Breakout Target: If BTC clears $100K, next targets could be $105K – $110K.
🔎 What’s Next?
Watch for FED statements & economic data affecting rate cut expectations.
Altcoins could rally if BTC stabilizes above $95K.
Volatility expected, so proper risk management is key.
🔥 Final Take:
Bitcoin’s rapid recovery reaffirms the long-term bullish trend. Stay cautious but optimistic—new ATHs could be on the horizon!
#BTC #ETH #BULLRUN #FED