$BTC IS BACK! 🔥But Why? Is 100k The Peak? 👇
Bitcoin's price surged back to $100,000 after positive U.S. economic data on December 11! The recent CPI report confirmed the expectations and many anticipate a 0.25% interest rate cut by the Federal Reserve at its December 18 meeting. Technical indicators showing strength (watch out at RSI) and it doesn't surprise me that today rally follows a 4% daily gain.
In my opinion the market is still generally bullish, with confidence in Bitcoin's continued growth! Many traders and investors are now forcasting BTC at $115,000/125,000, however keep on mind that some hedge funds may cash out before 2025! So do not over leverage and keep your profile risk under control. I expect that the beginning of the new year will be a blast. Altcoins Roadmaps will be soon released and I will post them straight on!
HODL Or Partially Take Profits? 🤔 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.🤝