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Bitcoin tests key resistance near $70k after Trump's positive remarks
Bitcoin (BTC) is currently trading at $69,569.60, testing the key resistance level near $70,000. The cryptocurrency opened at $67,991.45, hitting an intraday high of $69,843.21 before pulling back slightly.
Recent positive remarks by former President Donald Trump at a major conference have fueled optimism. Trump expressed his support for Bitcoin, adding to the bullish sentiment and expectation capital inflow to Bitcoin ETFs.
Market sentiment remains positive, supported by strong tech sector performance and equity market recovery. Bitcoin's ability to break above the $70,000 resistance level will be crucial for further gains.
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