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Benzinga
Benzinga
Business
Simran Alphonso

Why Bitcoin (BTC) Bottom May Not Be Here Yet: $19K Level In The Cards

Bitcoin Ethereum

With the latest federal reserve 0.75% interest rate hike, the bear market flipped into the green with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains hitting 6% and 11% at the time of writing. Other top altcoins such as Dogecoin (CRYPTO: DOGE) and Solana (CRYPTO: SOL) surged by 13% and 19%, respectively. 

As the financial markets celebrate quick gains, a reversal can happen and this could just be another bull trap with BTC heading towards a potentially yet-to-come bottom. 

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