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Markets - Bitcoin Rebounds from 'Peak Fear'

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Our chart of the week is The Open Network (TON).
By: yyctrader
Markets - Bitcoin Rebounds from 'Peak Fear'

The crypto rebound continued this week after the Federal Reserve held rates steady and signaled that two rate cuts would be forthcoming this year.

While it’s a promising start, the rally comes after most assets were highly oversold, and bulls still have their work cut out for them. Bitcoin needs to reclaim the range breakdown level at roughly $92K to add confidence that the low is in.

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