<ul><li>Bitcoin's price is poised to break above the $60K level after consolidating for weeks.</li><li>Technical analysis suggests that the price needs to surpass the $64K resistance level for a new long-term rally.</li><li>On-chain analysis indicates a decline in BTC held in exchange wallets, indicating potential accumulation and a possible rally in prices.</li><li>The recent rate cut by the Fed could have implications for Bitcoin's future price movement.</li></ul>

Bitcoin Price Analysis: The Fed Cut Rates, Now What’s Next for BTC?

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