Bitcoin Eyes $60K and Likely Has More Room to Rally, Analyst Says

Bitcoin Eyes $60K and Likely Has More Room to Rally, Analyst Says

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Source: Coindesk.com

Bitcoin, ether (ETH) advanced 2%-3% over the past 24 hours on strong day for cryptos. BTC bottomed last week and should rise further based on daily cycles theory, according to chartist Bob Loukas. The Federal Reserve is expected to lower interest rates next week, but market participants are divided on the size of the cut.

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The post "Bitcoin Eyes $60K and Likely Has More Room to Rally, Analyst Says" appeared first here Coindesk.com.

Source: Coindesk.com

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