Bitcoin has experienced a significant price surge since Tuesday, following the Federal Reserve’s announcement of a 50 bps interest rate cut. This move pushed BTC past the critical $62,000 mark, a psychological level that has become a turning point for investor sentiment. With Bitcoin now testing local supply, market participants are closely watching for further upside potential. Related Reading: Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near? As the price continues to push higher, analysts are pointing to crucial data indicating a potential shift in Bitcoin’s trend after months of downtrend price action. Glassnode metrics reveal a notable trend change, suggesting BTC may be entering bullish territory once again. This resurgence is drawing increased attention from both retail and institutional investors as they evaluate whether Bitcoin’s rally has staying power or if the market will face resistance at higher levels. With renewed momentum, the coming days will be critical in determining if Bitcoin can sustain this upward trajectory and fully break out of its previous bearish phase. Bitcoin Signals A Bull ..
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