Bitcoin Magazine Bitcoin Eyes $130,000 if Fed Signals Dovish Policy

Bitcoin Price closed last week at $115,390, briefly breaching the $115,500 resistance level as it pushed into the weekend, only to dip back down and close the week out just below it. Last week produced a strong green candle for the bulls, maintaining upward momentum into this week. The U.S. Producer Price Index came in well below expectations on Wednesday morning last week, giving market bulls hope for the impending rate cut decision by the Federal Reserve. U.S. inflation data the following morning was lukewarm, however, as it registered at 2.9%, as expected, but higher than the previous month’s reading of 2.7%. The Federal Reserve will have its work cut out for it this week at Wednesday’s FOMC Meeting, where it must weig

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