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Bitcoin Parabolic or Is the End Approaching? FOMC: Buy the Rumour, Sell the News?

  • The upcoming interest rate decision by the Federal Reserve is causing tension in the Bitcoin market, potentially leading to significant price movements.
  • Analysts believe that the outcome of the decision, whether it's a 25 or 50 basis points rate cut, could impact Bitcoin ETFs and perpetual markets.
  • Bitcoin recently formed a double bottom at key support levels around $52,000, indicating a potential bottom for the cryptocurrency.
  • Instead of focusing on specific price targets, it is recommended to look at key areas of interest based on liquidity and support/resistance zones for Bitcoin trading.

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