CandleFocus As Bitcoin Remains Above $60k, Buyers Target $66K Amid Rate Cut Speculations
2024-09-18
Author: Content Editor
Bitcoin's price has surpassed $60,000 and is now aiming for the $66,000 level amid speculation of a potential interest rate cut. The cryptocurrency's price jump has formed an inverted head-and-shoulder pattern, indicating a potential uptrend. Additionally, inflows into Bitcoin ETFs, such as Grayscale's Spot Bitcoin ETF, have increased, further supporting the bullish recovery. The next resistance levels for Bitcoin are at $64,596 and $66,590, while the psychological support is at $60,000. The MACD indicator in the 4-hour chart also suggests a bullish trend.
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