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Bitcoin Support Holding, Macro Looms
Hey crypto trailblazer, 👋
Bitcoin tested the upside today, briefly reclaiming $113,000. Here is the quick rundown.
⬆ Bitcoin Eyes Return to Highs on Fed Rate Cut Optimism
Key points:
BTC touched $113K as optimism around an upcoming Fed cut gained steam.
Key support around $110K has held so far, giving bulls confidence for another attempt at higher ground.
If resistance levels flip into support, the setup for a renewed run looks strong.
Market mood is shifting back to risk-on, but staying above $110K is the line traders are watching.
Thousands are flocking to 2025’s “It Card”
This leading card now offers 0% interest on balance transfers and purchases until nearly 2027. That’s almost two years to pay off your balance, sans interest. So the only question is, what are you waiting for?
📈 Can Bitcoin Really Reach 120K?
Key points:
After the $113K test, leveraged positions cooled off. Many bulls reduced risk exposure, leaving open interest lighter than before.
A less crowded trade makes sudden crashes less likely, while still allowing room for a push toward $120K if momentum builds.
Cooling speculation can be healthy. Macro factors like Fed policy and economic data will decide if the breakout sticks or fizzles.
Bottom line: Bitcoin may simply consolidate in the $110K range before eventually seeing a wave that takes it to $120K.
Stay epic,
Epic Crypto News Team
DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.
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