Bitcoin Nears $63.5K Resistance: Bullish Momentum with a $61K-$65K Correction Warning

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Bitcoin is approaching the key resistance level of $63,500, signaling bullish momentum, especially with Bitcoin dominance on the rise. The recent 50 basis points rate cut has further fueled both stock and crypto markets, driving Bitcoin higher. Altcoins like RUNE and FLOKI are showing strong potential for breakouts. However, caution is advised as Bitcoin may face a pullback near the $64,000-$65,000 range, potentially correcting to $61,000-$62,000 before resuming its upward trend. In the altcoin space, promising coins like RUNE, FIDA, and TIA are worth watching, but it's crucial to avoid FOMO during a potential market correction.

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