Bitcoin is gearing up for a breakout towards $78,000, fueled by technical indicators and #China 's recent economic stimulus package.đšđł
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.đ°
đ Analyst Jamie Coutts from Real Vision believes this stimulus will positively impact $BTC , as central bank liquidity typically boosts demand for cryptocurrencies.Â
đ Historically, such announcements have led to significant rallies in risk assets like Bitcoin, with prices doubling after past stimulus measures. đ
