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Bitcoin Price Rebounds After PCE Data, Is $90,000 The Next Stop?

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Summary
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73% Informative

The price of Bitcoin (BTC) has made an important pivot in the past hour , with bullish sentiments returning to the market.

At the time of writing, the coin has breached the resistance level at $ 84,000 .

The PCE data has signaled that inflation is not much of a concern as investors react to it.

The potential for Bitcoin price rebound remains very high amid the market rout.

BlackRock added Bitcoin ETF to its model portfolios, a sign of improvement in sentiment.

VR Score

60

Informative language

50

Neutral language

59

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formal

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English

Language complexity

41

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not offensive

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not hateful

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short-lived

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