Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Targets $
64,000
as Market Sentiment Improves
After weeks of caution, Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) traders are shaking off their fears and
increasing their trading activity. This renewed momentum comes in response to
the Federal Reserve’s decision to cut interest rates by 50 basis points
(0.50%), reigniting market confidence.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is now trading above $61,000 for the first time in nearly a month,
signaling a potential rally on the horizon.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Sees Resurgence in Trading Activity
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The Federal Reserve’s 50 basis point rate cut is expected to drive more
investment into riskier assets, such as Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. This trend has already begun,
marked by a positive shift in sentiment toward the leading cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
After weeks of fear dominating the market, sentiment shifted to neutral on
Wednesday following the rate cut. This shift signals renewed confidence, with
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin holders neither overly pessimistic nor excessively greedy. In such
neutral conditions, investors typically re-enter the market gradually,
boosting trading volumes and contributing to a steady price increase.
Read more: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Halving History: Everything You Need To Know Crypto Fear
& Greed Index. Source: Alternative
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As of press time, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is trading at $61,967. Earlier Thursday morning, BTC
briefly reached $62,501 before experiencing a slight pullback. Over the past
24 hours, trading volume surged by 12%, totaling $46 billion.
With Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin trading at its highest in nearly a month, the majority of
Thursday’s transactions have been profitable. According to BeInCrypto, the
ratio of BTC s transaction volume in profit to loss has reached its
highest level since July, standing at 3.48. This means that for every
transaction resulting in a loss, 3.48 transactions have turned a profit.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Ratio of Daily On-Chain Transaction Volume in Profit to Loss. Source:
Santiment
Despite Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s positive price movement, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin spot ETFs saw their
first net outflow after four consecutive days of inflows. SoSoValue reports
that outflows from these funds totaled $53 million on Wednesday. Total Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Spot ETF Net Inflow. Source: SosoValue
BTC Price Prediction• Математика » Прикладная математика » Прогноз: A Succesful Retest May Drive Coin Toward $64,000
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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s recent price spike has pushed it above the critical resistance level
of $61,388. Additionally, it is now trading above its 20-day exponential
moving average (EMA), which indicates that buying pressure is surpassing
selling activity.
While this rally is notable, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is likely to retest this resistance
level. Since the support floor flipped to resistance in early August, BTC has
only managed to break through it once. Each rally attempt has faced strong
selling pressure, leading to a downtrend. A failed retest could see Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
drop to seek support around $54,302.
Read more: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price Prediction• Математика » Прикладная математика » Прогноз 2024/2025/2030 Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price
Analysis• Математика » Математический анализ. Source: TradingView
However, if the retest succeeds and BTC breaks above the resistance , the
uptrend will be confirmed, with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin potentially targeting $64,312.
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In line with the Trust Project guidelines, this price analysis• Математика » Математический анализ article is for
informational purposes only and should not be considered financial or
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