Amid Bitcoin's price stability around $26,000, intriguing surge in new BTC addresses may catch attention of crypto enthusiasts
. Drawing from historical data, they note that previous bear markets witnessed a market decline following the crossover of the 50 and 200 moving averages . However, it is crucial to consider this factor in conjunction with other market dynamics, as cryptocurrencies are influenced by a range of factors.
However, as the crypto community closely follows these developments, another crucial event is on the horizon. The Federal Reserve is scheduled to hold a pivotal meeting on Sept. 20. The prevailing sentiment in the market strongly leans toward an expected"pause" in their decision, with a staggering 97% of market participants anticipating this outcome.
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