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📈 Good afternoon colleagues today in the crypto market a key moment has occurred Bitcoin has once again surpassed 91,000 dollars The main reason behind this is not that the technical setup has suddenly improved but a more essential factor the market expectations regarding the interest rate cuts by the Federal Reserve have increased considerably
So even when it dropped to around 80,000 dollars last week, which is the lowest level since April, Bitcoin still quickly rebounded, showing that funds have already started to position themselves in advance.
⚖️ Of course, this does not mean that it is a blind optimism. Inflation in the United States is still not ideal and the economic data is mixed. That is why, although Bitcoin has risen, many funds are still waiting, concerned that this rebound is just a temporary technical correction and not the beginning of a new major trend.