💥 Bitcoin Price May Exceed $120,000 with China's Economic Decision! 💥

Bitcoin ($BTC ) could double if it reacts to the Chinese government's decision as it has in the past. 🚀

The US SEC's approval of spot Ethereum ETFs left its mark on the market. But, a new development could push Bitcoin above $120,000! 🤑

The People's Bank of China injected liquidity into the economy and cut interest rates by 10 basis points. 📉💧 Real Vision analyst Jamie Coutts highlighted that in 2016, when the People's Bank of China did the same, Bitcoin's price rose by at least 100% in the following months! 📈

Coutts emphasizes that the central bank's liquidity injections significantly impact the crypto market. Every time the Central Bank of China injects liquidity, Bitcoin's price climbs. 🌟

According to CoinGecko, Bitcoin lost 1.5% in value in the last 24 hours and is currently traded at $66,334. 📊

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