BTC has pumped about 40% from its low point in August and is close to the resistance level near the all-time high. It is expected that the Federal Reserve will cut interest rates in September, which will have a positive impact on BTC as the cost of credit decreases and liquidity increases. Traders are closely following these developments for their potential impact on BTCPA.
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GatCrybto
· 2024-08-29 08:23
The #Bitcoin ETFs now have two consecutive days of outflow
Is this the start of more bearish price action ?
#Will BTC surge with the expected rate cut in September?
BTC has pumped about 40% from its low point in August and is close to the resistance level near the all-time high. It is expected that the Federal Reserve will cut interest rates in September, which will have a positive impact on BTC as the cost of credit decreases and liquidity increases. Traders are closely following these developments for their potential impact on BTCPA.