đ„ Bitcoin Price May Exceed $120,000 with China's Economic Decision! đ„
Bitcoin ($BTC ) could double if it reacts to the Chinese government's decision as it has in the past. đ
The US SEC's approval of spot Ethereum ETFs left its mark on the market. But, a new development could push Bitcoin above $120,000! đ€
The People's Bank of China injected liquidity into the economy and cut interest rates by 10 basis points. đđ§ Real Vision analyst Jamie Coutts highlighted that in 2016, when the People's Bank of China did the same, Bitcoin's price rose by at least 100% in the following months! đ
Coutts emphasizes that the central bank's liquidity injections significantly impact the crypto market. Every time the Central Bank of China injects liquidity, Bitcoin's price climbs. đ
According to CoinGecko, Bitcoin lost 1.5% in value in the last 24 hours and is currently traded at $66,334. đ
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