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Bitcoin Tops $85,000 as Sell Wall Clears

Original: Bitcoin approaches highest level since January as $85,000 sell wall clears Bitcoin surged past $85,000 after a major sel

Bitcoin has surged past $85,000, clearing a major sell wall and reaching levels not seen since January. The move comes as weaker US jobs data bolstered the broader macro backdrop, fueling expectations of a more favorable environment for risk assets. Traders are watching whether the cryptocurrency can break higher after months of range-bound trading.

Why now: Bitcoin hitting a multi-month high amid soft US jobs data has reignited market optimism.

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Evidence

• Bitcoin approaches highest level since January as $85,000 sell wall clears Bitcoin surged past $85,000 after a major sell wall cleared, reaching levels not seen since January as weaker US jobs data added to the macro backdrop. https:// newisty.com/blog/bitcoin-appro… · newisty

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