US dollar index falls to 14-month low as the Fed cuts rates | Muhammad zubair on Binance Square

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Muhammad zubair

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US dollar index falls to 14-month low as the Fed cuts rates by a half-pointPowell gets aggressive with the first cut of the cycle
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#FedRateDecisions #BinanceSquareFamily 

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Bitcoin is going to drop $BTC 31,000 ? or headed towards $100,000 ?* here is some research based data Bitcoin is currently trading around $54,590, following a recent drop from the $58,000 mark. The price action suggests a consolidation phase, with resistance at around $55,000 to $56,200. If Bitcoin struggles to break this resistance, it may experience further downward pressure. Analysts predict that the price could potentially drop to around $31,000 in the near term. However, long-term projections remain optimistic, with some expecting Bitcoin to rise towards $100,000 by 2025【53†source】【54†source】【55†source】.For traders, it's a key time to watch market indicators, as this consolidation could lead to either a significant correction or a reversal toward higher prices. #bitcoin☀️ #DOGSONBINANCE #CryptoMarketMoves #BinanceSquareFamily $BTC

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