Bitcoin's price has surged to the critical milestone of $64,000, a level it hasn't seen since August 9. This remarkable rally follows a substantial 20% rebound from its lowest point earlier this month.
On Wednesday, the Federal Reserve decided to cut rates by 50 basis points, which acted as a significant catalyst for this price surge. The decision has led to increased market optimism and trading activities.
As Bitcoin tests this psychological inflection line, the market is closely monitoring whether it can sustain and break through this key resistance level, potentially setting the stage for further gains or corrections.
