Financial analysts are forecasting a 25 basis point reduction in interest rates by the US Federal Reserve, which could potentially lead to chaosin market.
If Bitcoin can hold above the $57,148.19 support level and break above the $60,641.36 resistance, it may target the next resistance around $61,609.04. A breakout above this level could push the price towards higher targets, potentially testing the upper trendline near $70,000.