CandleFocus ‘Book some profits’ as crypto expert warns of imminent Bitcoin correction
2024-09-20
Author: Content Editor
After a significant downturn, Bitcoin has experienced a rally that intensified following the Federal Reserve's interest rate cut. The cryptocurrency reached above $60,000 and briefly surpassed $64,000. However, a prominent expert suggests selling and taking profits as a technical analysis tool issued a sell signal. The upcoming Presidential Election may also impact Bitcoin's performance. Despite recent market turbulence, Bitcoin has shown strong performance, with a 6.60% gain in the 30-day chart and a 49.10% increase year-to-date. It is important to note that investing in Bitcoin carries risks.
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