💥 #Bitcoin Dips Below 100K$ Amid Fed Rate Cut News


$BTC slipped under 100K$ after the Fed cut rates by 25 basis points but hinted at fewer reductions in 2025. BTC is down 3%, trading at $101,738, with 24-hour volume up 22% to $95B.


Market Insights:

*/ Fed Chair Powell projects only 2 rate cuts in 2025, causing selling pressure.

*/ Bitcoin’s recent ATH: $108,268 (Dec 17) showcases resilience.

*/ Analysts like Ali Martinez and Peter Brandt predict recovery, targeting $125K+.

*/ Reports of a potential US Bitcoin Strategic Reserve add long-term optimism.


Volatility persists, but experts remain bullish on Bitcoin’s future!


#BTC Price Analysis#

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December 19, 2024 at 11:26 AM
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