CandleFocus Will Bitcoin's Rise Continue? According to Analyst, This Level Is The Key Point For The Rise!
2024-10-07
Author: Content Editor
Bitcoin experienced a recovery over the weekend and approached $64,000 following positive US employment data. Analysts expect this optimism in the US economy to continue, with one analyst predicting that Bitcoin could retest $66,000 if it breaks the $64,500 resistance. The recent price increase is attributed to improving market sentiment and rising expectations that the US Federal Reserve will cut interest rates again in November. Additionally, the decrease in Bitcoins held on centralized exchanges is seen as a bullish sign for Bitcoin. Overall, analysts remain optimistic about Bitcoin's recovery and expect it to accelerate as the month progresses.
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