CandleFocus Bitcoin Price Close Above This Will Trigger Rally to $70K, Will Fed Rate Cut Help?
2024-09-18
Author: Content Editor
The Bitcoin price has risen by over 4% in the past 24 hours, surpassing $60,000. The technical chart indicates that Bitcoin may break out of a channel pattern. The focus is now on the upcoming announcement of a rate cut by the Federal Reserve during the FOMC meeting. JPMorgan and Goldman Sachs predict a slight adjustment with a 25 basis points interest rate cut.
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