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Bitcoin Drops to $58.5k: Can Bulls Rebound to $63.8k Amid Fed Rate Speculation?

  • The Bitcoin price experiences a bearish turnaround, with a 3.45% decline and testing the $58,655 support level.
  • Analysts predict a potential comeback for Bitcoin, with the average bull run cycle starting 170 days after the halving.
  • The Titans of Crypto foresee a 71% rally from the current market price, potentially reaching a target of $92,000.
  • Chances of a rate cut and FOMC meeting increase the chances of a Bitcoin bull run, with the next target at $63,847.

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