Will Bitcoin surge before the rate cut?
The current price must be the result of such a game. First, it should make those who are waiting feel a little high but not too high, so they can still buy. Secondly, it should make those who hold it feel a little low but not too low, so they can't sell it! Does the current price of 6w meet this result?
I think this price is about 6.4w! That is, near the 200-day moving average. Before the rate cut, the price of Bitcoin may approach this price infinitely. After all, everyone can see that the overall upward trend is forming in the current encryption market, but many people are still holding U and waiting. In this case, the market cannot let you easily pick up cheap chips.
