Bitcoin Set for a Bounce? Implications of Rate Cuts and Structural Support
Bitcoin appears to be achieving stability after bouncing back from the 99k support level. Expectations of potential Federal Reserve rate cuts add to the bullish sentiment. Analysts indicate that a breakout could lead Bitcoin toward 128k, especially as market conditions tighten. Understanding structural support can help investors navigate this volatility. Continuous monitoring of economic indicators will provide crucial insights into Bitcoin’s trajectory moving forward.