Bitcoin soars above $62,000 after Fed rate cut, with 88% of holders now in profit. 📈 Analysts remain bullish, predicting further gains if BTC breaks the $65,000 resistance level.

The long-awaited rate cut has made borrowing cheaper, attracting investors to risk assets like BTC. IntoTheBlock data shows that 71% of BTC holders are long-term investors.

Another crypto asset, Tron (TRX), is also pleasing its investors, with 94% in profit. Although TRX’s price has fallen slightly over the week, it is up 50% year-to-date.

Some experts believe that the BTC rally is just beginning. Analysts expect a full bull run to begin if BTC breaks $65,000. 🚀