CandleFocus Will Bitcoin’s Rally Continue? How Will Tomorrow’s Interest Rate Decision Affect BTC?
2024-09-17
Author: Content Editor
Bitcoin rose 5% to $61,000 ahead of the Federal Reserve's anticipated interest rate cut announcement. Analysts are optimistic about the potential rate cut, which could benefit the digital asset space. However, there are concerns that larger cuts may signal rising recession risks. Bitcoin's rally may be limited due to higher resistance in order books, and any unexpected moves by the Fed could cause market turmoil.
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