Bitcoin Outlook Improved by Fed Odds
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September rate cut odds skyrocketCoinGape
•Business
Business & Economics
Bitcoin Price Aims $118K As Fed September Rate Cut Odds Soar to 94%
63% Informative
Bitcoin (BTC) is less than 5% away from revisiting its record high of $ 112 K as the Federal Reserve’s September rate cut odds skyrocket to 94% .
Bitcoin 's weekly chart shows a bullish engulfing formation, indicating a resurgence of buying pressure and demand.
Long-term holders are accumulating 800 K BTC per month, signaling strong investor interest.
As the second quarter comes to a close, investors can expect a bullish and volatile start to the third quarter .
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