While excitement brews in the crypto market, analysts at Bitfinex urge caution regarding Bitcoin (BTC) prices. For a genuine rally to take shape, BTC must break through the crucial resistance level of $65,200—the peak reached in August.

As the market responds to recent interest rate cuts by the US Federal Reserve, optimism is growing, with many crypto commentators predicting further price increases. However, Bitfinex analysts highlight that the fear of missing out (FOMO) is influencing investor behavior, which can lead to potential price volatility.

Despite the positive sentiment, the analysts emphasize that the market outlook is still leaning toward bearish conditions. For a significant shift in the market cycle, surpassing the $65,200 mark is essential. Keep a close watch on the price action, as this key level could determine Bitcoin's next move!

#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #Write2Earn!