BITCOIN Daily Shortterm Trend-Support/Resistence levels | 16 May
BTC
now completed a correction and are ready to return to gain higher. 🟢 Trend: Bullish 🚀
🟢 Support: 60.000
🟢 Target: 100.000
// Fundamental news support the Uptrend //
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- A weaker dollar and lower Treasury yields, after latest US CPI data indicated a slowdown, strengthening expectations of an interest rate cut by the Federal Reserve.
- Investors are now pricing in around a 75% chance of a Fed rate reduction in September and 85% for November.
- Lower interest rates boost the Stock, Crypto, Gold market
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