Welcome to Kitco News’ 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
(Kitco News) – Bitcoin-U.S. dollar prices are a bit weaker in early U.S. trading Monday, on some mild profit taking and a downside correction after the market hit a five-month high in overnight action. The BC bulls have the firm overall near-term technical advantage as a price uptrend is in place on the daily bar chart. The path of least resistance for prices in the near term remains sideways to higher. Stay tuned!
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Bitcoin trades near $23,100 as institutions play a major role in the ongoing rally |
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