TOMORROW FED DECISION! 🚨 Will $BTC Past Performance Repeat itself? 👇
Bitcoin is expected to experience increased volatility as the U.S. Federal Reserve’s interest rate decision is approaching! Tomorrow, the decision on whether to cut rates by 25 or 50 basis points will affect Bitcoin's price movement. In my opinion, a 50 basis point cut could cause a bullish optimism, while a smaller cut might prompt more cautious trading.
Recently, BTC has lost the key $60'000 support level after briefly recovering above it. In my opinion, this support, together with increased Bitcoin ETF inflows, could make the way for a potential breakout in October. Historically, Bitcoin has performed well in October! However, that's not a guarantee and it's always important to integrate hedging strategies in your long positions!
Will BTC Hit $90'000 Before 2025? 🤔 Let Me know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
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