Bitcoin (BTC) signal: If you are ready, let's start!

Bitcoin (BTC), which got moving with the Fed's 50 basis point interest rate cut, exceeded $ 62,000 and winked at the bull.

After the Fed's announcement, BTC first rose above $ 61,000, but the momentum reversed within an hour. The leading cryptocurrency, which increased in volatility, worried the market by dropping the needle below $ 60,000. Later, its breathless rise carried it above $ 62,000. BTC, which left $ 62,000 behind for the first time since August 27, gave hope for the bull season.

Positive movement was observed in cryptocurrencies when Fed Chair Jerome Powell announced that he would make a 50 basis point interest rate cut after a four-year restrictive monetary policy. The Fed, which cut interest rates for the first time since 2021, caused instant fluctuations in financial markets. The decision was interpreted as being in line with other global central banks, such as the European Central Bank, which has lowered interest rates this year.

The majority of crypto investors were expecting a 25 basis point interest rate cut. However, the Fed cut interest rates by 50 basis points. Although the decision created confusion, its impact on cryptocurrencies seems to have been positive for now. BTC, which surpassed $ 62,000 a few hours after the decision, gave hope to both the market and investors.

Bitcoin will increase bullish signals if it breaks the $ 64,000 - $ 65,000 (2021 peak) range with volume. Persistence above this region could pave the way for new peaks.
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