menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Bitcoin’s ...
source image

Coinpedia

1M

read

389

img
dot

Image Credit: Coinpedia

Bitcoin’s BreakOut Hangs in the Balance: Will It Break the Psychological Inflection Line?

  • Bitcoin's price hits $64,000 after a 20% rebound driven by Federal Reserve rate cuts.
  • Bitcoin's 'Supply in Profit' metric indicates many investors are currently facing losses.
  • The metric is approaching the Psychological Inflection Line, crucial for market sentiment.
  • If Bitcoin breaks above the line, it could boost investor optimism; dropping below may harm market sentiment.

Read Full Article

like

23 Likes

For uninterrupted reading, download the app