Market Analysis by Investing.com (Damian Nowiszewski) covering: BlackRock Inc, BTC/USD, Bitcoin. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com
Bitcoin has gained more than 15% over the last 2 weeks.65k level remains a key local resistance.Earlier in the year, analysts were optimistic, predicting that the crypto would hit $100k, fueled by the launch of Bitcoin ETFs.
Historically, Bitcoin tends to rally 150-160 days after a halving, and we're now in that window. The latest price action aligns perfectly with this pattern.about yet another 50 bp cut, a move that could lift various asset classes, including metals, stocks, and digital currencies like Bitcoin. If the crypto can break through this level, the next target lies near the all-time highs of $73k-$74k. However, a pullback below $60k could lead to consolidation, with a risk of retesting the $50k area.This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest.
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