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Is Bitcoin (BTC) Hinting at a Bull Run in the Wake of Fed Cuts?
- Bitcoin (BTC) is trading at $62,046.34, showing a 2.83% increase in the past day.
- A recent Federal Reserve rate cut by 50 bps historically impacts Bitcoin.
- Technical analysis suggests mixed signals for Bitcoin, with key resistance at $62,124 and support at $61,900.
- ETF outflows indicate caution among institutional investors, potentially impacting Bitcoin's price momentum in the short term.
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