When everything seemed to be going well, the market sucked the 3 spades and everything almost returned to the starting line:
- $BTC could not surpass the important milestone of $67,000
- TOTAL 3: Altcoin capitalization made a fake break out of the downtrend channel.
#Bitcoin $60,000 is also quite important now when the door to a drop to low milestones like 4x is also possible and the lesson above is not to play in places that are easy to break, it will flip the cake in a minute.
However, due to the Fed lowering interest rates + China is also providing about $141.7 billion in long-term liquidity to the economy => Both increase liquidity & hopefully this is good news for Bitcoin.
Furthermore, the S&P 500 closed at a record high in late September
=> Stock markets are rallying and hitting record highs
=> Could be a positive sign for other asset classes, including Bitcoin if it follows the current growth trend. And altcoins can benefit from it too.
