Bitcоin

Will Bitcoin Price Bottom at $50k Amid Growing Speculation of Fed Rate Cut?

05.08.2024

Bitcoin price correction eased on the weekend as the buyers found suitable support at the $60000 psychological level. This support, backed by the 200-day Exponential moving average, has sparked a temporary relief rally in the altcoin market. However, the overhead supply on the crypto market persists due to poor employment reports, geopolitical tension in the Middle East, and fear of recession. Will BTC witness prolonged correction for the rest of August?

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05.08.2024
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