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Bitcoin / TetherUS
Long

Rate Cuts Play out cup and handle pattern

102
FOMC Rate Cut:

  • The Federal Reserve cut rates by 50 basis points in September 2024, aiming to boost economic activity as inflation eases.

  • This cut provides increased liquidity and lowers borrowing costs, likely benefiting speculative assets.


Bitcoin’s Cup and Handle Pattern:

  • The cup and handle pattern in Bitcoin suggests a bullish breakout with a potential target of $120,000.

  • Lower interest rates increase investor demand for Bitcoin, encouraging price gains.

  • The favorable monetary environment supports a move toward this target, as investors seek higher returns in alternative assets like cryptocurrencies. BTCUSD
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Fundamental AnalysisTechnical IndicatorsTrend Analysis
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.