Bitcoin Anticipated to Break Out Upwards Amid Potential Fed Rate Cut | Flash News Detail | Blockchain.News

Bitcoin Anticipated to Break Out Upwards Amid Potential Fed Rate Cut

9/18/2024 7:30:00 AM

Bitcoin Anticipated to Break Out Upwards Amid Potential Fed Rate Cut

According to @CryptoMichNL, Bitcoin appears poised for an upward breakout. Attention is focused on the Federal Reserve today, which is expected to implement a rate cut of 25-50 basis points. Should this occur, Bitcoin is likely to continue its upward trajectory towards $65,000 to $68,000. (Source)

Bitcoin rate cut Federal Reserve

More from Michaël van de Poppe (@CryptoMichNL): Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast