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$BTC Massive Move In Anticipation of 50 Bps Rate Cut!
Bitcoin / TetherUS
$BTC Massive Move In Anticipation of 50 Bps Rate Cut!
By jonnieking
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3 days ago
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3 days ago
Massive 6% move up today for Bitcoin in anticipation for a 50 bps rate cut tomorrow.
BTC
smashed through the 50D MA and back into the BMSB.
However don’t be fooled; we are still very much in a downtrend as you see the 50MA is well below the 200MA.
We could see price break through the BMSB and reject from the 200MA in the next 48 hours.
There’s still a lot of liquidity <50k that needs to be claimed for the next leg up.
Either way, I would not be trading leverage here.
Expect massive volatility.
Bitcoin (Cryptocurrency)
BTC
Fibonacci
Oscillators
ratecut
Trend Lines
jonnieking
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