$BTC 57K BREAKOUT! 🚨 Is A Rate Cut Coming Soon? 👇
Bitcoin briefly climbed to $57,000 after US jobs report came out worse than expected! This report made investors think that the Federal Reserve might will lower interest rates soon! In fact, fewer new jobs were created than anticipated. In my opinion, this could lead the Fed to cut interest rates to stimulate the economy. Keep on mind that lower interest rates can make investing more attractive.
Future predictions? I'm not excluding that BTC's price may fall around $48'000 in the next months. However, I'll be waiting for more job data on September 6 to get a better idea on where bitcoin could head to! Be Vigilant! Tomorrow I will update you with an in-depth analysis (monthly/weekly timeframe) + the strategy I'll adopt! 🤝
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝
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