Bitcoin's 6% Surge Amid Anticipation of a 50 Bps Rate Cut – What’s Next?
Bitcoin saw a **6% upward movement** today, fueled by the anticipation of a **50 bps rate cut**. It successfully broke through the **50-day Moving Average (MA)** and re-entered the **Bull Market Support Band (BMSB)**. However, the **50MA remains well below the 200MA**, indicating the broader trend is still bearish.
In the next **48 hours**, Bitcoin could break through the **BMSB**, but expect a rejection around the **200MA**. There's also significant **liquidity under $50k** that could be reclaimed before a stronger upward movement. Caution is advised, as **massive volatility** is expected.
Conclusion :
Despite today’s rally, the overall trend is bearish, and the market is volatile.
Avoid trading on leverage and watch for upcoming critical levels.
