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Bitcoin holds on: Breakdown not confirmed - Is the rally back on?

Crypto Daily·October 16, 2026·1 min read
Bitcoin holds on: Breakdown not confirmed - Is the rally back on?

Bitcoin ended Thursday back inside its ascending channel after breaking down below it during a sell-off in AI and precious metals sectors triggered by poor U.S. inflation data. Bulls rallied strongly to recover the levelcars_engine, but the move raises questions—whether this signals a looming breakdown or confirms the rally remains intact.

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