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Bitcoin Price Prediction
Bitcoin (BTC/USD) recently crossed the $60,000 threshold, facing challenges from Federal Reserve sentiment. The cryptocurrency, currently trading around $60,800, experienced a modest drop of about 1.50% over the last day, keeping the bitcoin price prediction bearish.
Market Analysis
- Remarks from Federal Reserve Governor Michelle Bowman suggest rate cuts are not necessary this year.
- Market cautious due to potential shifts in Fed strategy.
Investors are closely monitoring economic updates to gauge potential shifts in Fed strategy that could influence Bitcoin’s market dynamics in the upcoming months.
Technical Analysis
Bitcoin (BTC/USD) is trading at $60,800, marking a decline of around 1.50% over the last 24 hours. The market shows concern about Bitcoin price prediction.
Bitcoin’s key pivot point is $60,975. Resistance levels are at $63,400, $65,050, and $67,160. Immediate support lies at $59,075, with further support at $56,640 and $54,400.
The Relative Strength Index (RSI) is at 38, indicating a potential oversold condition. The 50-day Exponential Moving Average (EMA) at $62,151 provides significant resistance.
In summary, Bitcoin’s bearish trend persists below the critical pivot point of $60,975, potentially leading to further decreases.
Last Chance to Buy Dogeverse Before Launch
Dogeverse, the meme coin network across multiple blockchains, has raised over $15 million, exceeding its initial goal. Priced at $0.00031, Dogeverse is set for a price increase soon.
Project Details
- Dogeverse spans Ethereum, BNB Smart Chain, Polygon, and soon Solana, Base, and Avalanche.
- Project aims to blend Doge appeal with superior blockchain capabilities.
Invest in Dogeverse before the price escalates. Follow Dogeverse’s official channels on Twitter and Telegram for updates and community engagement.
Disclaimer: Crypto is a high-risk asset class. This article is for informational purposes and does not constitute investment advice. Capital loss is possible.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
