CandleFocus 3 Reasons Why Bitcoin Bulls Should be Careful Next Week
2024-09-20
Author: Content Editor
The recent 4-day rally in Bitcoin's price, which saw an 11.3% increase from $57,630 to $64,000, has generated optimism in the cryptocurrency market. This surge is believed to be influenced by speculation surrounding the Federal Reserve's interest rate cut, which has been reduced to 475-500 basis points. However, despite the positive sentiment, data from the on-chain and derivatives markets indicate a more cautious outlook for the upcoming week.
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