#Bitcoin❗ Price Target Rises to $78K Following #Chinese Stimulus!📈
Bitcoin is gearing up for a breakout towards $78,000, fueled by technical indicators and China's recent economic stimulus package.🇨🇳
On September 24, the People's Bank of China (PBOC) announced a $140 billion #liquidity injection by cutting the reserve requirement ratio, aimed at revitalizing its struggling economy.💰
🔍 Analyst Jamie Coutts from Real Vision believes this stimulus will positively impact #bitcoin☀️ , as central bank liquidity typically boosts demand for cryptocurrencies.
👀 Historically, such announcements have led to significant rallies in risk assets like Bitcoin, with prices doubling after past stimulus measures. 🚀
