$BTC Update ๐
Bitcoin is holding around $78,000 today, as traders wait for the Fed's rate decision, expected later today.
๐ฆ Today's event: Odds show a strong chance the Fed cuts rates by 0.25%. Lower rates usually make riskier assets like crypto more attractive to investors.
๐ Bigger technical picture: BTC formed a "golden cross" on September 8 โ a bullish signal where its 50-day average crossed above its 200-day average. Past golden crosses have led to 45โ60% gains in previous cycles.
๐ฐ Bitcoin ETFs have pulled in $3.8 billion over the past three weeks, showing steady institutional buying.
๐ฏ A rate cut today could add fresh fuel to the rally already in motion.
โ ๏ธ Fed decisions can swing markets fast in either direction. Crypto is highly volatile โ only invest what you can afford to lose. Not financial advice.
$BTC
Bitcoin is holding around $78,000 today, as traders wait for the Fed's rate decision, expected later today.
๐ฆ Today's event: Odds show a strong chance the Fed cuts rates by 0.25%. Lower rates usually make riskier assets like crypto more attractive to investors.
๐ Bigger technical picture: BTC formed a "golden cross" on September 8 โ a bullish signal where its 50-day average crossed above its 200-day average. Past golden crosses have led to 45โ60% gains in previous cycles.
๐ฐ Bitcoin ETFs have pulled in $3.8 billion over the past three weeks, showing steady institutional buying.
๐ฏ A rate cut today could add fresh fuel to the rally already in motion.
โ ๏ธ Fed decisions can swing markets fast in either direction. Crypto is highly volatile โ only invest what you can afford to lose. Not financial advice.
$BTC