Analysts: Crypto market rebound lacks momentum; Bitcoin needs to hold above $95,000 to confirm its upward trend.

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ODAILY
01-13
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According to Odaily Odaily, IG analyst Chris Beauchamp stated that the cryptocurrency market is gradually recovering, but gains remain limited due to continued investor caution and ongoing outflows from crypto funds. He pointed out that the lack of new capital inflows needed for a strong price rebound means Bitcoin must hold above $95,000 to confirm a sustained upward trend. Currently, the market's focus is on US inflation data, bank earnings reports, and the upcoming Senate hearing on the structure of the cryptocurrency market.

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