Bitcoin Taps $60K, Ethereum, Dogecoin End The Week On A High: 'Next Few Weeks Could Be Last Chance To Grab BTC At Cheap Prices'
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.
Analyst: BTC may break the September curse.
In a month that is typically seen as bearish for bitcoin, bitcoin has reclaimed the $60,000 price level for the first time in 14 days.
Will the Fed's rate cut weakened recession expectations, help boost the rebound of BTC?
Bitcoin: This week, Bitcoin has shown a rebound trend. Market traders have alleviated their concerns about trading during an economic recession, generally believing that the probability of a recession in the United States is relatively low. After the announcement of the U.S. CPI data in August, it can be seen that the CPI has been significantly alleviated and has made further progress towards the 2% target monitored by the Federal Reserve. As a result, the majority of traders in the market are betting that the Fed will cut interest rates by 25 basis points next week, but this represents a defensive rate cut as the U.S. economy has not experienced a recession. Therefore, a rebound has occurred this week after a sharp decline in the past two weeks.
