CandleFocus Bitcoin's Next Move Predicted as Market Awaits Fed Rate Decision
2024-11-07
Author: Content Editor
Bitcoin has surged above $76,000, reaching a new all-time high, while traditional market indices like the Nasdaq and S&P 500 also hit new highs. However, there is a weakening correlation between Bitcoin and these indices, suggesting that Bitcoin may be able to push even higher independently of traditional markets. The upcoming Federal Reserve interest rate decision and Jerome Powell's speech afterward are seen as a crucial test for Bitcoin's bullish trend. Investors are eager for hints to predict Bitcoin's next move. At the time of writing, Bitcoin was up 1.72% in the last 24 hours and 6% for the week.
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