Bitcoin (BTC) has experienced significant bullish momentum, reaching a price of $63,670 after the Federal Reserve's rate cuts. Technical analysis suggests that Bitcoin has broken key resistance levels and is in a strong upward trend, with potential resistance anticipated around $64,000 to $65,000. Retail traders are showing optimism and taking long positions, while institutional players are more cautious and accumulating short positions. Open interest in the futures market is rising, and the funding rate is positive, indicating confidence in the bullish trend. The overall sentiment in the market is moderately bullish. The current price of Bitcoin is $63,300, representing a 5% increase over the past 24 hours.



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