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Many of you might be looking at this chart to predict a crisis like in 2001 or 2008âwondering if Bitcoin ($BTC) will drop to $40k. If a real crisis occurs, the downtrend could push $BTC down to $15k, not just $40k. Thereâs a tendency to overlook historical patterns, but our grandparents taught us to pay attention to them. They also say that "three times is a charm." Unlike 2001 and 2008, the market is showing resilience. With everyone preparing for a recession and keeping cash on hand, I believe we won't see a true recession in the next year and a half.
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If youre not going in to make this cycle... its gonna be a rough the coming 4 or 5 years. So make sure to possition yourseld in the right #ALTS We seen what $FET $INJ done from 2023 until now Next up >>>> #cedefi $BB
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BounceBitâs got it all packed in! They've introduced BounceClub V2, bringing together AI, DeFi, BTCFi, Arcade, MEME, GameFi, and more - all in one powerful platform. $BB is super strong right now!!
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70 k #btc next but jeets will be left sidelined
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Bitcoin has broken through the $58k resistance level, and U.S. stock indexes have reached new all-time highs. Next week promises extreme volatility with the highly anticipated Federal Reserve interest rate cut. Although a 0.5% reduction seems unlikely and could prompt recession fears and market sell-offs, a more modest 0.25% cut might signal future rate reductions. In this scenario, we could see an initial "sell the news" reaction after the rate cut, followed by a strong recovery fueled by the Fed's optimistic outlook and commitment to further cuts.
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