BTC breaks through the 0.06 million mark. How will interest rate cuts and elections affect the market? Will the bull market return quickly? How should we avoid the market peak?
Last night, the market changed rapidly, with all asset classes rising across the board. The next focus is whether the market can stabilize around the 60,000 level. Currently, the market is about to enter a sideways phase, and the next change will be next week.
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October surge forecast! The 4 major cryptos that have the potential to turn $10 into $1000!
In October every year, the ROI of bitcoin is usually the highest! This year is no exception -- the interest rate cut on September 18th is almost a done deal, which is a huge bullish signal for the cryptocurrency market!
Long-term view of the market is dependent on interest rate cuts, short-term view depends on the election, and bitcoin stabilizing at 60,000 is the starting point of a bull market.
Currently, the large cap market has been moving as expected. Today, it broke through the 60,000 level. As suggested before, for short-term investors who have bought at a low price or made good profits, it may be a good time to sell. On Saturday and Sunday, there will definitely be speculation around the 60,000 level. If the market remains stable at 60,000, there will be opportunities for altcoins to enter. If it cannot hold steady, it will decline again, and another opportunity could be found to enter at a good position.
The impact of the US election on the price of bitcoin: Long-term stability, short-term volatility.
The impact of the US election on the price of bitcoin: long-term stability, short-term volatility.
