Bitcоin

Bitcoin Price Close Above This Will Trigger Rally to $70K, Will Fed Rate Cut Help?

18.09.2024

Just ahead of the FOMC meeting, the Bitcoin price has staged a strong recovery gaining over 4% in the last 24 hours and surging past $60,000 levels. The technical chart shows that BTC is on its way to a breakout from a channel pattern. All eyes are currently on the Fed rate cut announcement by Jerome Powell following hours from now. Banking giants JPMorgan and Goldman Sachs are expecting a modest beginning with a 25 bps interest rate cut.

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18.09.2024
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