Bitcoin Struggles with Key Resistance Despite Positive Inflation Data: Will Bullish Momentum Return?

Despite a favorable U.S. inflation report, Bitcoin (BTC) was unable to overcome a significant resistance level on Thursday, continuing its downward trend that began in early June. The positive inflation news initially boosted market optimism and increased bets on a potential Federal Reserve rate cut, driving interest in higher-risk assets like BTC. For a brief…

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