Bitcoin (BTC) is making a comeback, now trading at $59,077 following a recent dip, thanks to the US Federal Reserve's decision to maintain interest rates and reduce its balance sheet at a slower pace. This unexpected turn of events resembles the 2016 cycle, as noted by trader Rekt Capital. Brace for potential further dips, but remain optimistic as on-chain metrics, like the Short-Term Holder Market Value to Realized Value (STH MVRV) ratio at -6%, indicate a looming market bounce. Are we heading to the moon, or should we expect more turbulence? Share your thoughts! #Bitcoin #CryptoNews
