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Crypto

Bitcoin Hits Eight-Month High as Price Taps $85,248

Guavy AI Editorial Team
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BTC
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Bitcoin's price surged to an eight-month high of $85,248 on Monday, its strongest level since January 29.

The move follows a weekly advance after BTC ended Sunday's session at $81,120, its best weekly close since May 4, according to TradingView data.

Traders are watching two closely related dynamics: whether Bitcoin can hold above the previously marked local high around $82,950 and how quickly market participants take profit as spot Bitcoin ETF-related investors near their estimated breakeven area near $86,000.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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