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Bitcoin Price Prediction: Is the Fed’s Rate Cut Fueling a New Bull Run? Coinpedia 23 godziny temu

Bitcoin Price Prediction: Is the Fed’s Rate Cut Fueling a New Bull Run? 📈

USA Bitcoin Federal Reserve

The US Federal Reserve's recent rate cut decision has positively impacted Bitcoin's market, pushing its price to a monthly high of $61,783.

Immediately after the announcement of a half percentage point cut in the key lending rate, Bitcoin started moving upward strongly, indicating a potential new bull run.

Analyzing the daily chart of Bitcoin, it is apparent that the cryptocurrency is experiencing a robust upward movement, raising speculations about a prolonged bullish trend.

Source: coinpedia.org ↗

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