Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Analysts:Bitcoin to Accelerate After Breaking $65,200 Resistance

Analysts:Bitcoin to Accelerate After Breaking $65,200 Resistance

Bitget2024/09/26 08:21
BTC-1.74%

On September 26, CoinDesk reported that as the Federal Reserve cut the federal funds rate by 50 basis points a week ago, the debate intensified as to whether the cut represented a normalization of an overly tight monetary policy designed to curb inflation or a preparation for an impending economic downturn.

Risk assets, including bitcoin and torrents, rallied after the Fed's decision, suggesting that markets viewed the rate cut as a normalization move. Some analysts are predicting that bitcoin's rise will accelerate once it breaks above the $65,200 resistance level.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Traders expect the Federal Reserve to cut interest rates twice by the end of 2025.
2
Whale address 0xc2a3 continues to increase its long positions in Bitcoin and Ethereum, bringing its total holdings to $158 million.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$108,687.48
-1.95%
Ethereum
Ethereum
ETH
$3,940.21
-1.11%
Tether USDt
Tether USDt
USDT
$1
-0.01%
BNB
BNB
BNB
$1,150.14
-3.01%
XRP
XRP
XRP
$2.38
-2.57%
Solana
Solana
SOL
$190.25
-3.90%
USDC
USDC
USDC
$0.9999
-0.02%
TRON
TRON
TRX
$0.3196
+1.34%
Dogecoin
Dogecoin
DOGE
$0.1928
-3.32%
Cardano
Cardano
ADA
$0.6590
-2.27%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter